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.
Blizzard Entertainment has announced 134 job cuts in its office at Versailles (Yvelines) out of a total workforce of 400 employees. These job cuts are part of a global reorganisation decided by the American parent company, Activision Blizzard, which has eliminated some 800 positions out of a total workforce of 9,600 employees worldwide.
This announcement left employees surprised because the publisher achieved a record turnover in 2018 of about $6.62 (€5.85) billion. Although, when Blizzard Entertainment presented its financial results, it specified that no major releases were planned for 2019. Blizzard could propose transfers to its other European facilities located in Cork (Ireland), or The Hague (Netherlands). However, it can be estimated that a large number of employees will not accept such transfer.
Eurofound (2019), Blizzard Entertainment, Internal restructuring in France, factsheet number 97210, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97210.