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.
After announcing a savings plan last March concerning 7,500 jobs, the French telecommunication operator Orange has signed a new intergenerational agreement for 2022-2024 with trade unions, to recruit 8,000 people on permanent contracts over the next 3 years. Orange will mainly recruit young people under-30s and offering a new part-time scheme to the oldest workers. Based on voluntary, this part-time measure will allow older workers to adjust their working hours over a period of 18 to 60 months prior to their retirement. The agreement is due to come into force on 1 January 2022.
The group has 83,000 employees in France and 143,000 worldwide and has a turnover of €42 billion. Taking into account the 7500 job reductions announced in March and the recruitment announced, the net job creation should reach 500 positions over the next three years. According to the CFE-CGC trade union which refused to sign the intergenerational agreement for 2022-2024, the company should face between 6,000 and 10,000 natural departures over this three years period, which could lead to 2,000 job reductions to 2,000 job creations.
Eurofound (2021), Orange, Business expansion in France, factsheet number 106069, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106069.
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