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.
Canal+, a TV station and subsidiary of the Vivendi Group, which is majority-owned by the Bolloré Group, is cutting 250 workers. Of these, 150 job cuts are linked to the closure of the C8 channel. Approximately forty of these employees hold permanent contracts, while the rest also work across several group channels. An additional 100 job cuts are being made within the economic and social unit of the group, which employs 3,000 workers.
The inter-union, comprising the CGT, CFE-CGC, CFDT, and +Libres, has expressed surprise at these additional cuts, citing the lack of economic justification. The Canal+ company is set to be introduced on the London Stock Exchange, as part of the Vivendi Group’s plans to demerge.
As of 2024, the Canal+ Group has a global workforce of 9,000 employees.
The most recent restructuring recorded in the ERM dates back to 2007, with between 171 and 364 jobs cut Canal+ 2007 - FR.
Update 23/02/25
As part of its restructuring plan within the economic and social unit of the Group, Canal+ is cutting 34 of the 64 positions at its branch in Rennes (Ille-et-Vilaine). The site hosts a variety of roles, including specialized litigation staff, technicians, and data analysts. At its peak, the site employed 350 workers. Local employees have criticized the move, arguing that it is an attempt to increase competitiveness and improve the company's entry into the London Stock Exchange, rather than a consequence of the closure of C8.
Eurofound (2024), Canal+ (ex groupe Canal+), Closure in France, factsheet number 202092, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202092.