Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.10 - Passenger rail transport, interurban

2,000 - 3,000 jobs
Number of planned job losses
Job loss
Announcement Date
17 September 2021
Employment effect (start)
1 January 2022
Foreseen end date
31 December 2022

Description

The CEO of the public rail company SNCF has announced a job reduction of between 1.5% and 2% of the workforce, which represents between 2,000 and 3,000 job cuts. The CEO did not specify which divisions will be affected the most but said that the job cuts will be made because of the 'issue of productivity and competitiveness is general'.

The SNCF has lost €6 billion in revenue in 2020 due to the COVID-19 crisis and will have to face, from 2023, the total opening to competition of the entire national rail network, except for certain inter-city train links in the Paris region.


Sources

Citation

Eurofound (2021), SNCF, Internal restructuring in France, factsheet number 105346, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105346.