Human resource issues entailed by the take-over of Credit du Nord by Society General (2004)
Summary :
Table of Contents
- Introduction
- The sector
- The issue
- The company
- Group stucture
- Presentation of Mr Charles Million
- The stakes in HR policy during the take-over of Le Credit Du Nord by La Societe Generale
- An originally strong corporate culture
- Manpower planning : the optimum use of available human resources
- The need for apraisal and communication
- The important role of the industrial relations
- Difficulties encountered and solutions brought
- A more and more individualist system
- Manpower planning and the social plan
- Find the most performant people and make the others accept the decisions
- The 'barrier' between Directors and Trade Unions
- Analysis, critics and recommandations
- The adaptability of the personnel
- The risk of inertie
- The role of the managers
- Improve communication with the trade unions
- Conclusion
Abstract
The French banking system has met several restructurings since the 90's. Banking networks have now to propose, diversify and evolve services to their customers. Besides, these companies are in a more open market which entails international competition and the mergers phenomenon. Several examples show that this tendency affects the French banking system: the BNP and Paribas merger in 1999, the take over of credit Lyonnais by credit Agricole in 2003... Besides, the advent of single currency in 1999 accelerated the settlement of a Single European Banking Market; in fact, euro eases capital movements between member countries by making easier the financial products homogeneity and prices transparency. International comparisons bring forward the fact that French Banking System has an excellent rank. In fact, according to their assets or statements of account, French Major Banks are in the top first: credit Agricole is ranked 5th with $46 billion of assets, BNP-Paribas is ranked 10th with $24 billion, society general is 26th with $16 billion and credit Mutuel is 35th with $13 billion...
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