Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The French image technology specialist announced a worldwide reorganisation and the elimination of 30% of its workforce, which includes 110 research and development jobs in the telecom boxes departments at Cesson-Sévigné, near Rennes in Brittany.
The management acknowledged that it has recruited professionals in India on posts hitherto occupied by the teams based in Brittany effectively offhoring the activity. The unions is doubtful about the long-term future of the site. The management denies any rumors about the closure of the office in Rennes and it stated that it does not intend to withdraw from France either.
A total of 5,000 jobs will be cut in the group at worldwide level. The company will cut jobs in three activities: the production of special effects, the manufacture of DVDs and the manufacture of boxes and decoders. At the end of 2019, the group had more than 17,000 employees worldwide.
Update 18/11/2020: The plan envisaging 102 jobs cut has been signed on 18 November. The trade union stated that the agremeent was signed to secure a number of conditions for dismissed workers. The agreement needs to be validated by the regional direction of enterprise, competition, consumer, work and employment (Direccte). Employees can accept the voluntary redudancy conditions and dismissals will take place after1 February 2021.
Eurofound (2020), Technicolor, Offshoring/Delocalisation in France, factsheet number 102434, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102434.