AXA cuts nearly 200 jobs

Posted Nov 4, 2022, 4:11 PM

This is marginal on the scale of the group of 150,000 employees, but it reflects AXA’s desire to rationalize its activities in a tougher market context. The insurance giant signed on October 17 with its social partners a voluntary departure plan within AXA Group Operations (GO), the central structure in charge of technology.

Created in 2019, it intends to focus “its missions on services with higher added value”, said a spokesperson on Wednesday, on the sidelines of the presentation of quarterly results. This refocusing, which allows AXA GO to gain in efficiency and competitiveness, involves around a hundred job cuts.

This voluntary departure plan succeeds the one signed in July at AXA Partners, concerning nearly 100 positions within its central functions, or 1% of the workforce. The subsidiary, which includes assistance services or borrower insurance, was created in 2015 to consolidate the group’s partnership activities. She changed direction last year.

“We had alerted from the beginning about the structural problems of these two subsidiaries”, declares Bernard Bosc, national union coordinator AXA CFDT, who evokes “hirings with a vengeance” in recent years within the holding company of AXA Partners and “management errors” within AXA GO.

Salary negotiations

These measures take place in a busy social context, marked by ongoing wage negotiations at AXA France. If the management granted in January a general increase of 1.4% for non-executives (and 0.6% for executives), the CFDT calls for a retroactive adjustment of inflation to the 1er July. The next round will take place on November 17, just after the professional elections.

In the meantime, the unions want to support the movement announced within Sogarep, a subsidiary for the management of health insurance contracts. A majority of the 700 employees, who depend on the collective brokerage agreement, have planned to strike an hour a day between November 8 and 10, according to Bernard Bosc, who evokes “unworthy salaries”.

For this subsidiary located in Indre-et-Loire, the intersyndicale requests in particular a general increase of 5%, retroactive to July 1, 2022, according to Argus de l’Assurance.

“We are aware that the current economic situation is a factor of concern for the employees of the company, declared a spokesperson for the management. In this context, we have started salary discussions with the social partners early in mid-October. Negotiations will continue in the coming days.”

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