EMCC European Monitoring Centre on Change

Axa Investment Managers

Company/Organisation:
Axa Investment Managers

Geographic Location

Country: France

Company

Sector: Financial services
Financial and insurance activities
66.30 - Fund management activities
Number Employed: 1217
Group: Axa

Employment Effects

Announcement Date: 18-06-2018
Planned Job Reductions min: 160
Planned Job Reductions max: 160
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-10-2018
Foreseen End Date: 31-07-2019
Other Job Reduction Measures: 160

Additional Information

AXA Investment Managers, AXA's asset management subsidiary, has announced it will cut160 positions in France (out of a total workforce of 1217) in the frameworlk of a worldwide restructuring to cut 210 positions. The consultation of the employees' representative 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.

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