EMCC European Monitoring Centre on Change

3SI Holding

3SI Holding

Geographic Location

Country: France
Region: Nord; Nord - Pas-De-Calais
Location of affected unit(s): Croix


Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.91 - Retail sale via mail order houses or via Internet
Group: Otto Group

Employment Effects

Announcement Date: 24-09-2015
Planned Job Reductions min: 140
Planned Job Reductions max: 140
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 31-12-2015
Foreseen End Date: 31-03-2017

Additional Information

The group 3SI (3 Suisses), the online and mail order retailer, has announced its plan to cut approximately 140 jobs at its headquarters in Croix. This restructuring takes place within the framework of a broader reorganisation related to the acquisition 18 months ago of 3 Suisses by the German on-line retailer group Otto. The new social plan will effect employees of support functions in its headquarter (3SI Support, 3SI Commerce, 3SI Services and 3SI Holding) and will lead to 140 job cuts. About 10 employees will stay at the end of the restructuring. Employees will be outsourced to suppliers or re-employed in other subsidiaries of the Otto group. 198 jobs where previously cut in 2014 (see ERM Facsheet).