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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Publishing Activities 58.14 - Publishing of journals and periodicals
110 - 350 jobs Number of planned job losses
Announcement Date
17 October 2013
Employment effect (start)
1 January 2014
Foreseen end date
30 April 2014
Description
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.
Sources
27 November 2013: Libération
17 October 2013: Lagardère Active (Press release)
Citation
Eurofound (2013), Lagardère Active, Internal restructuring in France, factsheet number 76392, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76392.
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