By Cristina Roca

AXA SA said Wednesday that the coronavirus won't affect the employment or remuneration of its 160,000 employees during the confinement period.

The French insurer said all jobs would be maintained while the lockdowns last. It also said it won't use temporary unemployment in France.

AXA also promised not to defer any social security or tax payments in France during this period.

"AXA is a Group that has its social responsibility at heart and wishes the financial efforts of public authorities to be primarily directed towards the most vulnerable individuals and businesses," the company said.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

April 01, 2020 10:00 ET (14:00 GMT)

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