Type
Merger/Acquisition
Country
France
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.39 - Other passenger land transport n.e.c.

180 jobs
Number of planned job losses
Job loss
Announcement Date
10 October 2011
Employment effect (start)
1 September 2011
Foreseen end date
31 December 2011

Description

On 10 October, Veolia Transdev confirmed 180 job cuts following the merger of the transport division of Veolia Environnement - Veolia Transport - and the group Transdev. The new company is the first French private company of public transport. The general manager explained that theĀ  job cuts result from the internal reorganisation across all units in France and the merger of regional offices. Veolia Transdev has 119,000 employees, including 49,000 in France.


Sources

Citation

Eurofound (2011), Veolia Transdev, Merger/Acquisition in France, factsheet number 72534, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72534.