EMCC European Monitoring Centre on Change

Canal +

Company/Organisation:
Canal +

Geographic Location

Country: France
Region: Hauts-de-Seine; île de France
Location of affected unit(s): Issy-les-Moulineaux

Company

Sector: Information / communication
Publishing, audiovisual and broadcasting activities
60.20 - Television programming and broadcasting activities
Number Employed: 2800
Group: Vivendi

Employment Effects

Announcement Date: 04-07-2019
Planned Job Reductions min: 500
Planned Job Reductions max: 500
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-10-2019

Additional Information

The management of the pay-TV channel Canal + has announced to the employee representatives an internal reorganisation, resulting in a voluntary departure plan affecting 500 positions out of a total workforce of about 2800 employees. This plan is particularly aimed at the publishing division, which is dedicated to programme production, but all entities - distribution, studios, administration - are concerned. The pay-TV group, which competes in particular with Netflix and Amazon Prime, has not succeeded in stopping the erosion of its sales. In the first quarter, its revenue in France fell by a further 5% to €761 million. The networks subscribers declined by the same amount to 4.6 million households; a decrease of 217,000 subscribers in one year. A previous restructuring  announcement took place in 2017 (153 job cuts).

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