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Nexity
Main severance
502 positions (+ 400 in 2023)
Health cover
Statutory portability
Status
Signed
Positions affected
502 positions (April 2024) ; ~400 more in 2023 — Promotion-construction branch
Context
Why the plan was launched and who is affected
Plan type
Sector crisis
Sites affected
Nexity Promotion-construction branch — entire France (HQs and regional offices)
Rationale & context
Announced 25 April 2024. Nexity is the French leader in real estate development (residential and commercial). Context: historical crisis of new construction in France — sales collapse (-30% vs 2022), interest rate hikes (ECB 2022-2023), tightened HCSF (35% maximum debt ratio), margin pressure, forced destocking. Nexity lost ~20% revenue in 2023. 502 cuts in 2024 add to the ~400 departures already enacted in 2023, bringing total to ~900 over 18 months. First trigger of the 2024 real estate PSE wave (followed by Vinci then Bouygues Immobilier).
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Severance
What employees received — legal base, supra-legal, caps
Legal / collective indemnity
This is the minimum guaranteed by your sector's collective agreement. Paid to every affected employee on top of the statutory legal indemnity.
Building & Public Works collective indemnity (per category ETAM / Managers)
Underlying formula ·
Supra-legal top-up
The amount negotiated by unions ON TOP OF the legal and collective minimum. Often the largest part of the package.
Details not public
Notice period
Period between the dismissal notification and the actual departure. The employee remains paid during this time, whether they work or not.
Not specified in the PSE.
Collective minimum · Construction & public works agreement — Workers: 1 to 2 months by seniority. Technicians: 1 to 2 months. Managers: 3 months.
Example — rough estimate
For a manager (cadre) employee with 5 years of seniority and €3,500 gross/month:
| Collective severance | (1.25 months × €3,500) | €4,375 |
| Supra-legal severance | — | Not publicly disclosed |
Very rough illustrative estimate. Your actual amount depends on your exact reference salary (max of 1/12 of last 12 months or 1/3 of last 3 months, bonuses included — art. R1234-4 French Labour Code), your precise status (manager/non-manager/ETAM), your hire date and your individual situation. For a personalized calculation of the legal indemnity, use the official French Ministry of Labour simulator.
Notes & sources
Additional information and references
Notes
Announced 25 April 2024 — second wave at Nexity after ~400 cuts in 2023 (179 mutual terminations + 110 layoffs + others). Cumulative total in Promotion-construction branch: ~900 positions in 18 months (~10% of Nexity France headcount). First of three major French real estate developers to announce a PSE — trigger for the 2024 'immobilier wave' followed by Vinci Immobilier and Bouygues Immobilier.
Support
Outplacement, training, retraining aid and mobility
No one has documented this point for this plan yet. If you've been through it or have the document, your help will make this file useful to the next person.
Selection
How departures are decided — criteria and voluntary scheme
No one has documented this point for this plan yet. If you've been through it or have the document, your help will make this file useful to the next person.
📄 Batirama — Crise de la construction et PSE chez Nexity 502 postes · View source →