Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

312 jobs
Number of planned job losses
Job loss
Announcement Date
28 September 2012
Employment effect (start)
1 January 2013
Foreseen end date

Description

The bank Dexia has announced to cut up to 312 positions out of a total of 1,110 in France. This is part of a larger restructuring plan to save the bank, which is supported by France, Luxembourg and Belgium.

The management has highlighted that some of the employees could be relocated and retrained.


Sources

  • 1 October 2012: Les Echos (www.lesechos.fr)
  • 28 September 2012: AFP Liaisons

Citation

Eurofound (2012), Dexia, Internal restructuring in France, factsheet number 74226, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74226.