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.
On 21 September 2012, the management of Orange announced its employment forecast for 2013-2015 with an estimated 5,000 job losses.
On one hand, the company expects to recruit around 4,000 employees on permanent contracts between 2013 and 2015. At the same time, 9,000 employees will leave the company through natural attrition. As a result, the workforce will decrease by 5,000 employees. According to the management, the staff decrease through retirement allows the company to adapt its workforce to the sharp competition within the sector since the arrival of a new low cost competitor, Free. Other mobile telephony operators as Bouygues (see here) and SFR (see here) have also announced job cuts.
Eurofound (2012), Orange, Internal restructuring in France, factsheet number 74427, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74427.