Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49 - Land transport and transport via pipelines

1,400 - 2,600 jobs
Number of planned job losses
Job loss
Announcement Date
20 January 2010
Employment effect (start)
1 January 2010
Foreseen end date
31 December 2010

Description

French national railway company SNCF is to cut 1,400 jobs in 2010. This was announced on 20 February 2010. SNCF faces decreasing revenues from its high speed train network. Profit margins are down from 20% in 2007 to just over 10% in 2009.

According to SNCF's management, 2,600 jobs will be cut in the company's transport section. At the same time, jobs are to be created in other parts of the enterprise reducing the total number of reductions to 1,400. Trade unions, however, claim that about 2,600 jobs will be cut as the company's budget for 2010 foresees 5,400 departures and 1,800 new staff. Unions called a strike on 3 February 2010.


Sources

Citation

Eurofound (2010), SNCF, Internal restructuring in France, factsheet number 70079, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70079.