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.
The group La Dépêche du Midi (930 employees) has take over the media group Journaux du Midi (800 employees) in June 2015 and has announced a reorganisation that will lead to 350 job cuts. About 190 positions will be cut in the group Journaux du Midi (publisher of the regional newspaper Midi-Libre) and 160 in the group La Dépêche du Midi (publisher of the regional newspapers Sud-Ouest and La Dépêche du Midi). According to the vice-president of La Dépêche du Midi group and the new CEO of Journaux du Midi the 190 job cuts were the result of the departure of 40 journalists within the framework of a specific dismissals scheme (when a newspaper is sold, the journalist may ask to leave it and receive compensation as if they were dismissed. They are also considered dismissed employees for the purpose of unemployment insurance so that they receive unemployment allowances) and natural departures until 2018. The CEO has excluded forced dismissal and social plan for the group Les Journaux du Midi. There are no details about how jobs will be cut by the group La Dépêche du Midi. The reorganisation aims to increase the productivity and competitiveness of the regional media group Journaux du Midi that is lower than those of the group La Dépêche du Midi.
Eurofound (2015), La Dépêche - Journaux du Midi, Merger/Acquisition in France, factsheet number 83899, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83899.