Wiko

Type
Internal restructuring
Country
France
Region
Provence-Alpes-Côte d’Azur; Provence-Alpes-Côte d’Azur; Bouches-du-Rhône
Location of affected unit(s)
Marseille
Sector
Wholesale / Retail
46 - Wholesale trade
46.5 - Wholesale of information and communication equipment
46.50 - Wholesale of information and communication equipment
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://apps.eurofound.europa.eu/restructuring-events/detail/98450.