AGF

Type
Closure
Country
France
Region
Location of affected unit(s)
Reims, Grenoble, Nice, Montpellier
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
200 jobs
Number of planned job losses
Job loss
Announcement Date
20 February 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2011

Description

AGF, the French insurance company, announced that it is to close 4 sites in France - Reims, Grenoble, Nice and Montpellier - between 2009 and 2011. The 200 employees concerned will receive an offer for a new job within the company.

This competitiveness plan, in order to specialize the sites, also foresees a specific training for 2000 employees to adapt to new jobs. The group will spend 200 million euro to achieve this plan and will cover its remaining 15 sites in France of which 6 are situated in the Paris region.

Sources

  • 20 February 2008: LibĂ©ration
  • 20 February 2008: Le Monde

Citation

Eurofound (2008), AGF, Closure in France, factsheet number 66328, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66328.