Type
Merger/Acquisition
Country
France
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

450 - 800 jobs
Number of planned job losses
Job loss
350 jobs
Number of planned job creations
Job creation
Announcement Date
1 July 2008
Employment effect (start)
1 October 2008
Foreseen end date
31 December 2009

Description

Following the acquisition of Neuf-Cegetel, the French telecommunications operator, by one of its main shareholders, SFR, the management announced a reorganization that will cut between 450 and 800 jobs on a voluntary basis. According to a union's representative, the plan concerns 800 persons but will be offset by some 350 jobs creation. Along with the restructuring plan, the management intends to avoid duplication in both support (marketing, finance and communication) and network activities. Besides it assured that it had implemented measures to favour geographic and functional mobility within the enterprise. Personnel representatives are expected to give their opinion in September


Sources

  • 1 July 2008: 01net
  • 1 July 2008: Les Echos
  • 1 July 2008: La Tribune
  • : (www.lexpansion.com)

Citation

Eurofound (2008), SFR, Merger/Acquisition in France, factsheet number 66804, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66804.