Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65.1 - Insurance

350 jobs
Number of planned job losses
Job loss
Announcement Date
26 January 2015
Employment effect (start)
1 May 2015
Foreseen end date
31 December 2017

Description

The mutual insurance company Harmonie Mutuelle has announced a reorganisation which will result in 350 positions being cut by 2017. The job cuts are part of a restructuring plan of its network of branches and management centres. Some branches will close and some management centres will merge in order to reduce costs. The management has informed its central works council on the 22 January and will negotiate with unions the social consequences of this restructuring process with a view to reaching an agreement by June 2015. The aim is to avoid forced dismissals and to negotiate incentives for external mobility, geographical mobility as well as an early retirement sheme. 


Sources

  • 26 January 2015: Harmonie Mutuelle (Press release)
  • 3 February 2015: Le R√©publicain Lorrain
  • 3 February 2015: Objectif Gard

Citation

Eurofound (2015), Harmonie Mutuelle, Internal restructuring in France, factsheet number 78471, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78471.