AXA cuts almost 200 positions

Written November 4, 2022, 4:11 p.m

It is marginal compared to the group of 150,000 employees, but it reflects AXA’s desire to rationalize activities in a tougher market context. On October 17, the insurance giant signed a voluntary exit plan with its social partners within AXA Group Operations (GO), the central structure responsible for technology.

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

This voluntary redundancy plan follows the one signed in July at AXA Partners, covering almost 100 positions in its core functions or 1% of the workforce. The subsidiary, which includes assistance services or borrower insurance, was established in 2015 to consolidate the group’s partnership activities. She changed direction last year.

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

Salary negotiations

These measures take place in a busy social context, characterized by ongoing salary negotiations at AXA France. If management awarded an across-the-board raise of 1.4% for non-executives (and 0.6% for directors) in January, the CFDT is calling for a retroactive inflation adjustment to July. The next round will take place on November 17, right after the professional selection.

Meanwhile, the unions want to support the move announced in Sogarep, a subsidiary for the administration of health insurance contracts. A majority of the 700 employees who are dependent on the collective bargaining agreement have planned to strike for an hour a day between November 8 and 10, says Bernard Bosc, who calls for “unworthy wages”.

For this subsidiary located in Indre-et-Loire, inter-syndicales in particular are requesting 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 wage discussions with the social partners early in mid-October. The negotiations will continue in the coming days.”

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