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.
Worldline, the world leader in secure payments and transactions, has announced an 8% reduction in its workforce worldwide, where it has 18,000 employees. A total of 1,440 jobs are to be cut worldwide, including 330 in France over two years. The company employs 4,000 people in France. This former subsidiary of the Atos group, which is also in turmoil, has been in difficulty on the stock market for some time. Departures must be on a voluntary basis.
The redundancies are part of a wider plan, dubbed the "Power24 Plan", introduced last October, which also provides for the modernisation of the company. The announcement of the reorganisation was made to staff representatives, who now have three months to give their opinion before management can launch the voluntary redundancy plan. Certain developments may be transferred to Worldline's sites in India.
Two reorganisations were recorded in the ERM Database, with 750 job creations in 2017 (Worldline-2017-FR and 300 job creations in 2020 Worldline-2020-FR.
Eurofound (2024), Worldline, Internal restructuring in France, factsheet number 200797, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200797.