Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

277 jobs
Number of planned job losses
Job loss
Announcement Date
13 January 2012
Employment effect (start)
Foreseen end date

Description

French bank Natixis (BPCE) has confirmed plans to cut 277 jobs worldwide of which 127 in France. On the whole, the bank employs 4,400 people. The restructuring will also involve a hiring freeze in 2012. As of January 2012 there is no information on when the job cuts will be implemented by.

The measures are blamed on the need to reorganise activities in order to mitigate the negative consequences of the financial crisis.


Sources

  • 13 January 2012: L'Expansion

Citation

Eurofound (2012), Natixis, Internal restructuring in World, factsheet number 73326, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73326.