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 Programming And Broadcasting Activities 60.20 - Television programming and broadcasting activities
500 jobs Number of planned job losses
Announcement Date
4 July 2019
Employment effect (start)
1 October 2019
Foreseen end date
Description
The management of the pay-TV channel Canal + has announced to the employee representatives an internal reorganisation, resulting in a voluntary departure plan affecting 500 positions out of a total workforce of about 2800 employees. This plan is particularly aimed at the publishing division, which is dedicated to programme production, but all entities - distribution, studios, administration - are concerned. The pay-TV group, which competes in particular with Netflix and Amazon Prime, has not succeeded in stopping the erosion of its sales. In the first quarter, its revenue in France fell by a further 5% to €761 million. The networks subscribers declined by the same amount to 4.6 million households; a decrease of 217,000 subscribers in one year. A previous restructuring announcement took place in 2017 (153 job cuts).
Eurofound (2019), Canal +, Internal restructuring in France, factsheet number 98091, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98091.
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