Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.13 - Publishing of newspapers

90 jobs
Number of planned job losses
Job loss
Announcement Date
21 September 2004
Employment effect (start)
Foreseen end date

Description

Le Monde, the French newspaper, has announced on 21 September 2004 its intention to shed 90 people: 27 employees, 28 middle-management and 35 journalists. The newspaper has indeed registered a loss of € 9.2 million last year and hopes to return to profitability with this move. Unions have been shocked by the speed of the decision making and have opposed the application of the restructuring programme before the end of October.


Sources

  • 21 September 2004: Les Echos

Citation

Eurofound (2004), Le Monde, Internal restructuring in France, factsheet number 60617, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60617.