Aesio Mutual will cut 274 jobs

Mutual insurance company Aesio (about 3,200 employees) announced on Wednesday that it had signed an agreement with “all of the company’s union organizations” on a restructuring plan that included cutting 274 jobs. The company’s “transformation” plan at the time of its presentation included cutting 387 jobs, but “seven months of constructive social dialogue” reduced that number, Esio said in a press release.

The five unions present on staff representative bodies – CFDT, CGT, FO, Unsa and CFE-CGC, according to a source close to management – have signed an agreement on the plan. Ezio has historically specialized in health care. This was the result of the 2016 merger of the regional mutual cooperation groups Adréa Mutuelle, Apréva Mutuelle and Eovi Mcd Mutuelle.

Aesio aims to return to balance sheet in 2025

In 2020, Aesio joined forces with Macif under a new group called Aema, which is vying to become the fourth insurer in France. Brands and mutuals continue to co-exist within the group (20,000 employees in total) to maintain the “quality of relationships” with members. The “phase one of the plan,” with voluntary redundancies and functional and geographic mobility, should help reduce the impact of the 274 job cuts on staff, Ezio said.

Layoffs will take place in the second stage, starting in September 2024. Aesio implemented this plan to return to financial balance in 2025.