EMCC European Monitoring Centre on Change

Veolia Transdev

Company/Organisation:
Veolia Transdev

Geographic Location

Country: France

Company

Sector: Transportation / storage
Transportation and storage
49.39 - Other passenger land transport n.e.c.
Number Employed: 49000
Group: Veolia Environnement

Employment Effects

Announcement Date: 10-10-2011
Planned Job Reductions min: 180
Planned Job Reductions max: 180
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 01-09-2011
Foreseen End Date: 31-12-2011

Additional Information

On 10 October, Veolia Transdev confirmed 180 job cuts following the merger of the transport division of Veolia Environnement - Veolia Transport - and the group Transdev. The new company is the first French private company of public transport. The general manager explained that the  job cuts result from the internal reorganisation across all units in France and the merger of regional offices. Veolia Transdev has 119,000 employees, including 49,000 in France.