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 Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Of Information And Communication Equipment 46.52 - Wholesale of electronic and telecommunications equipment and parts
90 jobs Number of planned job losses
Announcement Date
9 September 2019
Employment effect (start)
10 September 2019
Foreseen end date
31 December 2019
Description
The telecommunications company Wiko, which sells mobile phones, has announced 90 jobs out of a total workforce of 250 based in Marseille (Bouches-du-Rhône). Departures take the form of a collective contractual termination. In the next few days, 90 people are expected to leave the company. The employees and management have agreed on a supra-legal indemnity of up to 11 months. The company explains it has to cope with Chinese companies' sharp competition .
Eurofound (2019), Wiko, Internal restructuring in France, factsheet number 98450, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98450.
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