Hauts-de-Seine Editorial Staff
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“All third parties are concerned.” Icade, a real estate subsidiary of Caisse des Dépôts et Consignations, will reduce its workforce through a collective mutually agreed termination, the company recently told AFP, confirming information from L’Informateur.
“Preserving the company’s competitiveness”
“After consultation with the board of directors, the management and the trade unions at Icade have signed an agreement on a collective mutually agreed termination [RCC], which has been approved by the administration,” explained the real estate group headquartered in the heart of the La Défense business district, in the Hyfive Tower, in Puteaux. “The maximum number of departures is set at 93 employees,” added the company.
The CDC subsidiary, the financial arm of the state, has 1,000 employees and operates in real estate development and as a landlord, mainly in office leasing. Faced with the crisis affecting the real estate sector for almost three years, the group has refocused by selling its health-related activities and divesting a portion of its underperforming real estate assets.
By reducing its workforce, Icade says it aims to “preserve the company’s competitiveness in an ever-evolving market” and intends to “support affected employees in their professional repositioning.”
with AFP
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