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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Trade, Except Of Motor Vehicles And Motorcycles 46 - Wholesale trade, except of motor vehicles and motorcycles
240 - 350 jobs Number of planned job losses
Announcement Date
13 November 2007
Employment effect (start)
1 January 2008
Foreseen end date
31 December 2009
Description
Nouvelles Messageries de la la presse parisienne (NMPP), a French distributor of newspapers, has announced that it is to cut between 240 and 350 jobs at its sites in Combs-la-Ville and Stains at which 1,200 are employed. The firm attribute the job losses to declining sales, and the job cuts will be implemented between January 2008 and January 2010. The job losses were set out by the firm in a plan presented to the firm’s Works Council entitled ‘Challenge 2010’. The site at Combs-la-Ville, which specializes in the distribution of magazines, will close by the end of 2008, whilst staff numbers at Stains, which specializes in the distribution of electronic newspapers, will be reduced.
Sources
14 November 2007: Les Echos
14 November 2007: La Tribune
15 November 2007: Le Figaro
15 November 2007: Le Parisien
Citation
Eurofound (2007), Nouvelles Messageries de la Presse Parisienne, Internal restructuring in France, factsheet number 66015, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66015.
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