Type
Business expansion
Country
France
Region
Location of affected unit(s)
Sector
Financial Services
Activities Auxiliary To Financial Services And Insurance Activities
Activities Auxiliary To Financial Services And Insurance Activities
66 - Activities auxiliary to financial services and insurance activities

3,000 jobs
Number of planned job creations
Job creation
Announcement Date
20 November 2006
Employment effect (start)
1 January 2007
Foreseen end date
31 December 2009

Description

Natixis, the common brand resulting from the fusion of Banques populaires and Caisses d'épargne, announced on 20 November that it will recruit 3,000 new employees between January 2007 and December 2009. The new group, still without a name, employs 23,000 people.

The business expansion plan envisages the creation of agencies and wants to achieve a significant share of the market with an average annual growth above 10% for incomes and 13% for benefits over the period 2005-2010.


Sources

  • 21 November 2006: Centre Presse
  • 21 November 2006: Lib√©ration
  • 20 November 2006: Reuters

Citation

Eurofound (2006), Natixis, Business expansion in France, factsheet number 64476, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64476.