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.
Professional Services Professional Services And Management Consultancy Activities Of Head Offices; Management Consultancy Activities 70.2 - Management consultancy activities
New offshoring locations
India, Egypt, Brazil
358 jobs Number of planned job losses
Announcement Date
19 April 2005
Employment effect (start)
Foreseen end date
31 December 2005
Description
Equant, subsidiary of France Telecom, is to cut 1,744 jobs worldwide. This restructuring plan was announced on 19 April 2005 and will affect 20 % of its personnel. Equant management wants to centralize its operational activities in India (Mumbai and Bombay), Egypt (Cairo) and Brazil (Rio de Janeiro) where Unions expect that five hundreds jobs might be created. The delocalisation will be completed by the end of 2005. In France, 358 jobs will be suppressed in Paris, Rennes and Nice sites. However, no redundancy programme is planned since French employees will all be relocated in other units of the group. The France Telecom objective is to lower the functioning costs of its subsidiary in order to be more competitive.
Sources
21 April 2005: La Tribune
19 April 2005: TSR
Citation
Eurofound (2005), Equant, Offshoring/Delocalisation in France, factsheet number 61475, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61475.
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