Internal restructuring
Location of affected unit(s)
Throughout France
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Trade, Except Of Motor Vehicles And Motorcycles
47 - Retail trade, except of motor vehicles and motorcycles

400 jobs
Number of planned job losses
Job loss
Announcement Date
19 February 2009
Employment effect (start)
Foreseen end date


Retail-to-luxury company PPR SA is to shed 400 jobs at its chain FNAC, a books-to-music retailer based in France.  The cuts are part of a large cost-cutting plan aiming at saving EUR 35 million in three years. The cuts represent 3.4% of the companies workforce. 168 of these jobs cuts will be in Paris. 60 jobs out of the 168 will be cut with the closure of the only music-dedicated store in Paris located on the Bastille place. The 60 job losses will be effective by the end of 2009. The company said that there will be no more store closures as part of this restructuring. All of the other 340 jobs cuts are to be sought via internal restructuring.



Eurofound (2009), FNAC, Internal restructuring in France, factsheet number 68309, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68309.