AXA Investment Managers, AXA's asset management subsidiary, has announced the elimination of 210 positions worldwide, including 160 in France (out of a total workforce of 1,217) and 40 in the United Kingdom. The consultation of the employees' representatives will continue until the fourth quarter of 2018. The new organisation will then be set up. According to management, departures will be on a voluntary basis. Management plans to invest some €100 million by 2020 to develop its expertise and management offer. This investment will be financed by a savings plan of a similar amount including the announced job cuts.