Type
Merger/Acquisition
Country
France
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Computer, Electronic And Optical Products
26 - Manufacture of computer, electronic and optical products

500 - 700 jobs
Number of planned job losses
Job loss
Announcement Date
13 May 2005
Employment effect (start)
Foreseen end date

Description

The merger of French cable operators, NC Numéricâble, France Telecom Câble, TTC TCE and Câble de l'Est, gave rise to a new entity called YPSO. Hence, the group is planning a restructuring effecting between 500 and 700 jobs out of 1,200. Three hundreds and fifteen employees will be dismissed and 210 will be outsourced. However, management affirms that 170 jobs will be redeployed.


Sources

  • 13 May 2005: 01net

Citation

Eurofound (2005), YPSO, Merger/Acquisition in France, factsheet number 61572, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61572.