The main concern would be the so-called functional staff, which represents a little more than half of the subsidiary’s approximately 5,200 employees and includes, for example, human resources and IT. The employees of the call platforms and their management would be less concerned but not spared by this plan, according to this same source.
“We are probably going towards a fairly substantial reduction in staff,” she explains, specifying that no forced departure can take place.
Concurrence et inflation
“Strategic reflections” regarding “refocusing our activities and adapting our operational model”, were indeed presented to the social partners before Christmas, confirmed a spokesperson for the French bank, without further details. .
The in-store consumer credit business had already suffered heavily from confinements during the Covid-19 pandemic. And the postponement of the purchase of certain goods online does not necessarily benefit the historical players in this profession, in competition with start-ups. At the end of October, the French Association of Financial Companies (ASF) estimated that the consumer credit market seemed to be on the verge of a “more unfavorable” period.