Champagne Ardenne Picardie - Hersant Media

Type
Merger/Acquisition
Country
France
Region
Grand Est; Champagne-Ardenne; Marne
Location of affected unit(s)
Reims
Sector
Media
58 - Publishing activities
58.1 - Publishing of books, newspapers and other publishing activities, except software publishing
58.13 - Publishing of journals and periodicals
270 jobs
Number of planned job losses
Job loss
Announcement Date
10 May 2012
Employment effect (start)
1 July 2012
Foreseen end date
31 December 2012

Description

On 10 May 2012, the media company Groupe Hersant Media has announced a plan envisaging the cut of 270 jobs in 2012, as a result of the sale of its "Champagne Ardenne Picardie (CAP)" division to the Belgian media group Rossel.

The CAP division edits three regional newspapers (L'Union-l'Ardennais, L'Est Eclair, Libération Champagne) and a weekly magazine (L'Aisne nouvelle). It currently employs a workforce of 650 people, 270 of whom are to be dismissed.

According to the unions, following a meeting held in the Ministry of Labour, the company is to finalize the social plan for the restructuring by mid June.

Sources

Citation

Eurofound (2012), Champagne Ardenne Picardie - Hersant Media, Merger/Acquisition in France, factsheet number 73571, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73571.