Type
Closure
Country
France
Region
Location of affected unit(s)
Ile-de-France, Rennes
Sector
Media
Programming, broadcasting, news agency and other content distribution activities
Programming, broadcasting, news agency and other content distribution activities
60 - Programming, broadcasting, news agency and other content distribution activities

250 jobs
Number of planned job losses
Job loss
Announcement Date
6 December 2024
Employment effect (start)
28 February 2025
Foreseen end date

Description

Canal+, a TV station and subsidiary of the Vivendi Group, which is majority-owned by the Bolloré Group, is cutting 250 workers. Of these, 150 job cuts are linked to the closure of the C8 channel. Approximately forty of these employees hold permanent contracts, while the rest also work across several group channels. An additional 100 job cuts are being made within the economic and social unit of the group, which employs 3,000 workers.

The inter-union, comprising the CGT, CFE-CGC, CFDT, and +Libres, has expressed surprise at these additional cuts, citing the lack of economic justification. The Canal+ company is set to be introduced on the London Stock Exchange, as part of the Vivendi Group’s plans to demerge.

As of 2024, the Canal+ Group has a global workforce of 9,000 employees.

The most recent restructuring recorded in the ERM dates back to 2007, with between 171 and 364 jobs cut Canal+ 2007 - FR.

Update 23/02/25

As part of its restructuring plan within the economic and social unit of the Group, Canal+ is cutting 34 of the 64 positions at its branch in Rennes (Ille-et-Vilaine). The site hosts a variety of roles, including specialized litigation staff, technicians, and data analysts. At its peak, the site employed 350 workers. Local employees have criticized the move, arguing that it is an attempt to increase competitiveness and improve the company's entry into the London Stock Exchange, rather than a consequence of the closure of C8.


Sources

Citation

Eurofound (2024), Canal+ (ex groupe Canal+), Closure in France, factsheet number 202092, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202092.