The online press group Webedia, which owns about fifty Internet sites, has begun negotiations with its employees in order to cut between 80 and 90 positions out of a total of about 600 employees (that is between 10% and 15% of the workforce). The dismisal are taking place through a mutually agreed collective contract termination (rupture conventionnelle collective). The group has some 3,700 employees in France and abroad and expects to make savings of €50 million thanks to reductions in rental charges, reductions in expense accounts, renegotiation of supplier contracts, a hiring freeze and increases.
Management has explained that it is facing a significant decline in revenues in recent months (-28% in April, -39% in May) due to the Covid-19 crisis.
It is also reducing its workforce abroad by dimissing 150 people in Brazil, Spain, Germany and the United States.