EMCC European Monitoring Centre on Change



Geographic Location

Country: Spain
Region: Vizcaya; País Vasco; Noreste
Location of affected unit(s): Bilbao


Sector: Financial services
Financial and insurance activities
65 - Insurance, reinsurance and pension funding, except compulsory social security
Number Employed: 112000
Group: AXA

Employment Effects

Announcement Date: 20-12-2005
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Internal restructuring
Direct Dismissals: 100

Additional Information

Tha Axa Group is a multinational specialised in insurance facilities as well as in pension funding. The Axa Group announced the dismissal of 100 workers over the age of 45 in its agencies in the Vasque Country.