The EWC had already cuts its teeth when several entities closed that used to belong to CACIB, Credit Agricole’s investment bank. In this context, the group’s management committed to respecting minimum standards in terms of social support, going well beyond local standards, for the 200 Hungarian, Czech and Slovakian workers affected. Armed with this experience, the European body has achieved its goal to obtain the same result for the end of consumer credit activities (Credium) in the Czech Republic and Slovakia. (Ref. 130510)
In the opinion rendered in early July within the framework of the consultation procedure for the end of consumer credit activities (Credium) in the Czech Republic and Slovakia, the European works council of the French banking group declares that it is not convinced by “the arguments leading to the pure and simple closure of an undertaking and to the layoff of its employees.”
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