Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Administrative Services
Employment Activities
Employment Activities
78 - Employment activities

600 jobs
Number of planned job losses
Job loss
Announcement Date
16 October 2008
Employment effect (start)
1 December 2008
Foreseen end date
1 June 2009

Description

Adecco, the Swiss recruitment agency, has announced plans to axe 600 jobs in France by June next year, mainly through voluntary redundancies. The job cuts will take place in two stages: the group aims to make around 400 net job cuts at Adecco France, Adia (its subsidiary) and Adecco Groupe France by March 2009, before making a further 200 redundancies in June at its Adecco France and Adia units. Having suffered the effects of the global economic slowdown, the group also plans to merge its various entities in order to cut costs. The operations in question are expected to cost the group a total of some 35 millions euros.


Sources

Citation

Eurofound (2008), Adecco, Internal restructuring in France, factsheet number 67239, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67239.