Restructuring events
European Restructuring Monitor (ERM)
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.
Barclays Bank will cut 305 positions in France after a slowdown in activity. Barclays will cut about 265 jobs in its retail bank activities (out of a total workforce of 1,406) and 40 positions at its business banks (out of a total workforce of 324). The bank will close 38 of its 113 outlets.
This plan is implemented in the context of a worldwide restructuring affecting 3,700 jobs in France, Spain, Italy and Portugal.
Updated, 17-01-2014: The Court of Appeal of Paris has cancelled the previously announced restructuring plan envisaging approximately 300 job cuts.
Updated, 27-06-2014: As reported, despite the fact that the restructuring measures were cancelled, 98 jobs were lost at its retail business sites.
Eurofound (2013), Barclays France, Internal restructuring in France, factsheet number 74940, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74940.