The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
350 jobs Number of planned job losses
Announcement Date
23 November 2011
Employment effect (start)
1 January 2012
Foreseen end date
Description
On 23 November, the bank Crédit Foncier de France, announced to cut up to 350 positions in the following years.
The subsidiary of the French banking group BPCE is specialized in home loan. The aim of the reorganisation plan is to cut 12% of the workforce. Job cuts will represent one half of the 80 million Euros of annual saving expected by 2016. Job cuts will only consist of natural departures.
Sources
23 November 2011: L'Expansion.com ()
Citation
Eurofound (2011), Crédit foncier de France, Internal restructuring in France, factsheet number 72796, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72796.
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