Location of affected unit(s)
Administrative Services
Security And Investigation Activities
Private Security Activities
80.1 - Private security activities

1,426 jobs
Number of planned job losses
Job loss
Announcement Date
6 August 2012
Employment effect (start)
1 September 2012
Foreseen end date
31 December 2012


On 3 August 2012, the Commercial court of Paris agreed to the plan of Fiducial to take-over Neo Security, specialized in security services. This will save 3,320 jobs, but Neo Security will see 1,426 jobs go. 167 employees working in the US Embassy in Paris have been taken on by G4S.

Neo Security had announced financial difficulties last spring and the management requested government support. The French government bought the company time to implement a solution by paying the employees for two further months. However, in June the Commercial Court decided to place the company in receivership.

In order to safeguard positions employee representatives have agreed to a reduction of wages and the lowering of the required notice period to be transfered to another position.



Eurofound (2012), Neo security, Merger/Acquisition in France, factsheet number 74059, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74059.