Scor

Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
120 - 220 jobs
Number of planned job losses
Job loss
Announcement Date
13 June 2005
Employment effect (start)
Foreseen end date

Description

Management of insurance company Scor announced on 13 June 2005 a restructuring programme called "New Scor" which aims at reducing costs by suppressing between 120 and 220 jobs in the world. In France, unions fear that 150 jobs might be at risk.

Sources

  • 13 June 2005: Les Echos

Citation

Eurofound (2005), Scor, Internal restructuring in France, factsheet number 61891, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61891.