EMCC European Monitoring Centre on Change

Webedia

Company/Organisation:
Webedia

Geographic Location

Country: World
Location of affected unit(s): Brasil, France, Germany, Spain, United States

Company

Sector: Information / communication
IT and other information services
63.9 - Other information service activities
Number Employed: 3700
Group: Fimalac

Employment Effects

Announcement Date: 01-06-2020
Planned Job Reductions min: 230
Planned Job Reductions max: 240
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-06-2020
Foreseen End Date: 31-12-2020

Additional Information

The online press group Webedia, which owns about fifty Internet sites, has announced a worldwide reorganisation that will lead to cut about 230 to 240 positions. The main job cuts are expected in France where the management 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 group, which employs 3,700 employees worlwide, has also announced 150 job cuts in Brazil, Spain, Germany, and the United States. 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.  
 

Sources: