EMCC European Monitoring Centre on Change



Geographic Location

Country: France


Sector: Financial services
Financial and insurance activities
66 - Activities auxiliary to financial services and insurance activities
Number Employed: 23000

Employment Effects

Announcement Date: 20-11-2006
Type of Restructuring: Business expansion
Employment Effect Start: 01-01-2007
Foreseen End Date: 31-12-2009
Planned Job Creation: 3000

Additional Information

Natixis, the common brand resulting from the fusion of Banques populaires and Caisses d'épargne, announced on 20 November that it will recruit 3,000 new employees between January 2007 and December 2009. The new group, still without a name, employs 23,000 people. The business expansion plan envisages the creation of agencies and wants to achieve a significant share of the market with an average annual growth above 10% for incomes and 13% for benefits over the period 2005-2010.