Type
Internal restructuring
Country
France
Region
Méditerranée; Provence-Alpes-Côte d\'Azur; Bouches-du-Rhône
Location of affected unit(s)
Marseille
Sector
Retail
Wholesale Trade, Except Of Motor Vehicles And Motorcycles
Wholesale Of Information And Communication Equipment
46.52 - Wholesale of electronic and telecommunications equipment and parts

90 jobs
Number of planned job losses
Job loss
Announcement Date
9 September 2019
Employment effect (start)
10 September 2019
Foreseen end date
31 December 2019

Description

The telecommunications company Wiko, which sells mobile phones, has announced 90 jobs out of a total workforce of 250 based in Marseille (Bouches-du-Rhône). Departures take the form of a collective contractual termination. In the next few days, 90 people are expected to leave the company. The employees and management have agreed on a supra-legal indemnity of up to 11 months. The company explains it has to cope with Chinese companies' sharp competition .


Sources

Citation

Eurofound (2019), Wiko, Internal restructuring in France, factsheet number 98450, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98450.