The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Water Collection, Treatment And Supply 36.0 - Water collection, treatment and supply
100 jobs Number of planned job losses
Announcement Date
16 November 2012
Employment effect (start)
1 January 2013
Foreseen end date
30 September 2013
Description
On 16 November 2012, the management of Veolia Environnement confirmed a voluntary departure plan for 100 employees of its headquarters in Paris. The voluntary departure plan will be in effect as of January 2013 and it will mostly affect managers (90%). If the number of voluntary departures falls short of 100 by summer 2013, then the company will proceed with forced dismissals.
The French global company, which provides a full range of environmental services in the fields of water, waste management, energy and transportation, launched in August 2011 a major restructuring in order to reduce its debt from currently 15 billion euro to 12 billion. The cost saving measures included the sale of its passenger transport division Veolia Transdev to Caisse des Dépôts et Consignations last September.
Sources
15 November 2012: Les Echos
Citation
Eurofound (2012), Veolia Environnement, Internal restructuring in France, factsheet number 74507, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74507.
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