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.
Manufacturing Manufacture, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18.20 - Reproduction Of Recorded Media
40 - 50 jobs Number of planned job losses
Announcement Date
19 December 2024
Employment effect (start)
1 January 2025
Foreseen end date
31 December 2025
Description
MPO, a French manufacturer specializing in vinyl and CD production, is set to cut between 40 and 50 jobs in France in 2025. The company is facing financial challenges due to a decline in demand within the vinyl sector and the loss of its primary client, leading to its placement under legal redress. The job cuts will primarily affect management positions and roles that are being replaced by management and production management software. While the company is restructuring, it is also looking to stabilize its business by focusing on other activities, such as packaging and expanding into new sectors.
MPO employs a total of 550 workers, with 400 based in France, and 110 in Madrid, Spain.
Eurofound (2024), MPO, Bankruptcy in France, factsheet number 202484, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202484.
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