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.
The primary French energy group EDF announced on 21 January that it will reduce its workforce by about 3,350 positions within the next three years out of a total workforce of 67,000 employees (about 5% of the total workforce). Three unions announced they will organise a strike against this downsizing. The management highlighted the workforce reduction will be managed through natural departures and non replacement of retirees, without forced dismissals. It also explained that EDFs’ workforce increased by 9% between the end of 2010 and the end of 2014. Furthermore, EDF will recruit between 1,000 to 2,000 employees per year the next three years. Since 1 January 2016 and the end of the regulated tariffs for professional customers, EDFs' share of the professional market has decreased by about 30%. Therefore, the division dealing with EDF's professional customers will be reorganised. The decision is taken in the framework of a three-years cost saving plan of €700 million. At the Central works council, on 21 January, the employees' representatives from CGT, CFE-CGC and CFDT voted against the restructuring. Four strikes were organised within EDF since November 2015.
Eurofound (2016), EDF, Internal restructuring in France, factsheet number 86194, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86194.