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.
French media division Lagardère Active, a subsidiary of the Group Lagardère, has announced a voluntary departure plan that will lead to the potential loss of 220 jobs. There are 1,800 positions within the affected divisions of the company. Legardère employs 3,500 workers in total. According to Les Echos, the group has lost about 1,000 positions in its media division since 2012 though social plans, selling off newspapers and closure of activities. The media division has progressively reduced its activities in the press (70% of its turnover in 2006 to less than 40% in 2016) and increased its investments into audiovisual media. Some job cuts were reported in the ERM database in 2007 and 2013.
Eurofound (2016), Lagardère Active, Internal restructuring in France, factsheet number 86761, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86761.