EMCC European Monitoring Centre on Change

Axa Group Operations

Company/Organisation:
Axa Group Operations

Geographic Location

Country: France
Region: Paris; île de France
Location of affected unit(s): Paris

Company

Sector: Financial services
Financial and insurance activities
66.2 - Activities auxiliary to insurance and pension funding
Group: AXA

Employment Effects

Announcement Date: 17-10-2022
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-11-2022

Additional Information

The French insurance group Axa has announced the elimination of around one hundred positions within its subsidiary Axa Group Operations (GO), the insurance giant's central structure in charge of technology. The aim of the reorganisation is to focus the subsidiary's missions on higher value-added services.

The departure plan was the subject of an agreement with the trade unions, signed on 17 October 2022. These measures, which aim to improve competitiveness, are taking place in a difficult social context marked by ongoing salary negotiations. A negotiation meeting is scheduled for 17 November, after the workplace elections within the group. In addition, a departure plan for just under 100 employees was signed in another Axa subsidiary, Axa Partners, last July.

This subsidiary employs about 8,000 worldwide.

Sources: