Internal restructuring
Location of affected unit(s)
Real Estate
Real Estate Activities
Real Estate Activities
68 - Real estate activities

500 jobs
Number of planned job losses
Job loss
Announcement Date
9 October 2008
Employment effect (start)
Foreseen end date
31 December 2008


Nexity, the French property developer, has announced that it plans to cut 500 jobs from its workforce of 6,653. The French property group plans to cut 500 jobs before January 2009. The group has announced the closure of 8 sites in France. This measures could adapt to the new situation affecting the real estate markets, said the CEO. Nexity's major shareholder, French mutual bank Groupe Caisse d'Epargne, has no plans to sell Nexity

Nexity SA is a residential and commercial real estate developer based in Paris, France. As of 31 December 2007, 72% of the Company's revenue was derived from its residential sector, 13% from commercial and 15% from services and franchises. As a developer of residential real estate, the Company provides solutions in every realm of housing, from subdivision plots, individual houses and apartment buildings, to the full development of neighborhoods complete with homes available for rent or purchase, commercial spaces and public facilities. The Company has various subsidiaries engaged in commercial real estate development. Nexity Enterprises specializes in high-rise buildings, new office buildings and structural renovations throughout the Ile-de-France region, Lille, Bordeaux and Aix/Marseille. Geprim, subcontractor of Nexity, specializes in warehouses, distribution centers and mixed-use units. Nexity Services provides services during every stage of a project design, purchase, daily management, renovation and sale.


  • 10 October 2008: LibĂ©ration
  • 10 October 2008: Les Echos (www.lesechos.fr)
  • 11 October 2008: Le Journal des Finances
  • 10 October 2008: Le Figaro (www.lefigaro.fr)


Eurofound (2008), Nexity, Internal restructuring in France, factsheet number 67228, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67228.