Restructuring events
European Restructuring Monitor (ERM)
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.
Presstalis, the logistics company which delivers about 75% of all French newspapers to newsagents, will cut between 1,000 and 1,200 jobs.
The government and newspaper publishers have reached this agreement in an effort to avoid the placement of Presstalis in receivership. Presstalis is the former NMPP founded in 1947 to allow publishers to sell their newspapers for reduced costs. In 2011, NMPP had been changed into Presstalis, a private company with two shareholders: a cooperative of newspapers’ publishers and a cooperative of magazine’s publishers.
Now, the company has green light to take up its activities. The company currently employs 2,500 people.
UPDATE 22/02/13: The company will make 1250 job cuts (50% of its workforce) instead of 1,000-1,200 previously announced.
Eurofound (2012), Presstalis, Internal restructuring in France, factsheet number 74223, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74223.
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