Les Journaux du Midi

Type
Internal restructuring
Country
France
Region
Méditerranée; Languedoc-Roussillon;
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58 - Publishing activities
158 jobs
Number of planned job losses
Job loss
Announcement Date
10 October 2011
Employment effect (start)
1 December 2011
Foreseen end date
31 December 2013

Description

The media company les Journaux du Midi (1,070 employees) has announced that it is to cut 158 jobs until 2012 by means of a voluntary departure plan. The management expects to save 8 million Euros on salaries until 2014 and to downsize its workforce from 1,070 to 900.

Since 2007, les Journaux du Midi belongs to the media group "Groupe Sud Ouest". Its management had sold one of Journaux du Midi's subsidiaries C3G which generated high losses last year. 

Les Journaux du Midi is the publisher of regional and local newspapers - "Midi Libre", "L'Indépendant", "Centre Presse" - and has its own printer "Imprimerie du Midi".

Sources

Citation

Eurofound (2011), Les Journaux du Midi, Internal restructuring in France, factsheet number 72008, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72008.