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.
Transportation / Storage Land, Water And Air Transportation Water Transport 50.1 - Sea and coastal passenger water transport
205 jobs Number of planned job losses
Announcement Date
20 June 2013
Employment effect (start)
1 January 2014
Foreseen end date
31 December 2014
Description
On 21 June, the supervisory board of the sea passengers and freight transport company SNCM has decided to cut about 205 positions on a total workforce of 1,400. The company will open a voluntary departure plan for 160 employees by 2014 and decides the non-replacement of retirement that would reduce the workforce of about 45 positions per year for the next three years. The other positions will be cut due an increase of working time flexibility that will allow reducing the seasonal employment. The plan will also reduce some bonus to reduce the labour cost.
The long term plan is to cut 515 positions by 2019, including 415 in 2014, but mainly seasonal employment. The management took the commitment to avoid dismissals or forced redundancies of permanent employees. This decision is taken in the framework of a restructuring plan to restore the competitiveness with a new commercial policy and a renewal of the boats.
Sources
21 June 2013: Les Echos
24 June 2013: Les Echos
Citation
Eurofound (2013), SNCM, Internal restructuring in France, factsheet number 75551, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75551.
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