EMCC European Monitoring Centre on Change

Travaux du Midi Provence

Company/Organisation:
Travaux du Midi Provence

Geographic Location

Country: France
Region: Méditerranée

Company

Sector: Construction
Construction
41.20 - Construction of residential and non-residential buildings
Number Employed: 524
Group: Vinci Construction

Employment Effects

Announcement Date: 29-07-2020
Planned Job Reductions min: 184
Planned Job Reductions max: 184
Type of Restructuring: Internal restructuring

Additional Information

Travaux du Midi Provence (TMP), the French construction company, has announced 184 job cuts out of a total of 524 employees.

The internal restructuring will involve, in particular, 169 blue-collar jobs and 15 site managers. In terms of support, TMP declared to intend to give priority to voluntary departures and to the solutions resulting from the consultation with employee representatives.

The company, which belongs to the Vinci Construction Group, has been experiencing a continuous deterioration in its activities since 2016, recently aggravated by the health crisis. The management specified, indeed, that in the last four years the turnover reduced to a fourth, while the precarious economic conditions of the company already force TMP to put 80 employees in reduced working time during the COVID-19 health crisis.

According to Vinci Construction, short- and medium-term forecasts do not allow the company to provide all its teams with profitable activities. This situation, therefore, lead to the decision to adopt the dismissal plan.

 

 

 

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