Restructuring events
European Restructuring Monitor (ERM)
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.
French Media group Lagardère Active has announced a large restructuring plan, with the potential loss of 350 jobs. According to the sources, about 10 titles are planned to be sold (240 jobs) and also job reduction measures will take place (110 jobs). According to the unions, about 560 positions are threatened taking into account 214 freelancers.
As reported, the management wants to finalise its plan by April 2014. In 2007, the group launched a worldwide restructuring plan with 230 to 350 job cuts in France (Lagardère2007).
Updated, 27-11-2013: As reported, negotiations on a social plan between unions and the management failed. Unions have organised a strike.
Eurofound (2013), Lagardère Active, Internal restructuring in France, factsheet number 76392, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76392.