EMCC European Monitoring Centre on Change

Webedia

Company/Organisation:
Webedia

Geographic Location

Country: France
Region: Paris; île de France
Location of affected unit(s): Paris

Company

Sector: Information / communication
IT and other information services
63.9 - Other information service activities
Number Employed: 600
Group: Fimalac

Employment Effects

Announcement Date: 18-06-2020
Planned Job Reductions min: 80
Planned Job Reductions max: 90
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-07-2020
Direct Dismissals: 90

Additional Information

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.

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