Type
Merger/Acquisition
Country
France
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

861 - 1,261 jobs
Number of planned job losses
Job loss
Announcement Date
16 May 2005
Employment effect (start)
Foreseen end date

Description

The merger of Cegetel and Neuf Telecom, two French telephone operators, gave rise to a redundancy programme , which according to the union SUD-PTT, will concern 500 and 1,000 jobs out of 4,000. Further information had been given by the management on 23 September 2005. The redundancy programme will be dealt as follow: on top of 100 direct dismissals, 661 voluntary resignations are expected; 200 employees will be internally redeployed and 300 external consulting jobs will go.


Sources

  • 23 September 2005: Les Echos
  • 16 May 2005: Les Echos

Citation

Eurofound (2005), Neuf Telecom-Cegetel, Merger/Acquisition in France, factsheet number 61595, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61595.