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.
Newspaper distributor Presstalis, in great financial difficulty, plans to cut 200 to 300 jobs. Presstalis' CEO has announced an employment safeguard plan that could affect between 200 and 300 people. She added that this plan will be done on less favourable terms than in the past, as the company can no longer afford to finance a generous social plan. The announced cost of the social plan would be less than €25 million. Presstalis is the main distributor of the press in France: its services 4000 titles (75% of the French press) to 25,000 points of sale throughout the country. But its economic situation has been degrading for several years, despite successive bailouts by newspaper publishers and the State. The sharp decline in newspaper sales (especially daily newspapers) partly explains this crisis.
Eurofound (2018), Presstalis, Internal restructuring in France, factsheet number 93234, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93234.