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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Information And Communication Equipment In Specialised Stores 47.43 - Retail sale of audio and video equipment in specialised stores
187 jobs Number of planned job losses
Announcement Date
18 June 2014
Employment effect (start)
1 September 2014
Foreseen end date
Description
Electronics household goods and high-tech products retailer Pixmania is negotiating a social plan to cut 187 positions in France, about 40% of its workforce. The restructuring will mainly affect its headquarters in Asnière-sur-Seine. The other job cuts, about 40, will affect its logistic platform at Brétigny. Pixmania closed 10 stores in France in 2013 (when it was owned by Dixons), making 150 people redundant (see previous ERM Factsheet). The loss-making firm was subsequently acquired by German group Mutares in early 2014.
Sources
18 June 2014: Le Parisien
Citation
Eurofound (2014), Pixmania, Merger/Acquisition in France, factsheet number 77339, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77339.
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