Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65 - Insurance, reinsurance and pension funding, except compulsory social security

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


French insurance group Aréas Assurances plans to cut 119 jobs (including 79 lay-offs) with the closure of three of its six regional branches. The management and the trade unions have so far not reached an agreement on departure conditions for the affected employees. According to the management the demands for compensation are too high. 

The high court already suspended a previous job cut scheme at Aréas Assurances in November 2011. Unions plan to request another suspension for the current plan.


  • 24 June 2011: L'Argus de l'Assurance
  • 5 January 2012: L'Argus de l'Assurance


Eurofound (2012), Aréas Assurances, Internal restructuring in France, factsheet number 73330, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73330.