EMCC European Monitoring Centre on Change

Wiko

Company/Organisation:
Wiko

Geographic Location

Country: France
Region: Bouches-du-Rhône; Provence-Alpes-Côte d\'Azur; Méditerranée
Location of affected unit(s): Marseille

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
46.52 - Wholesale of electronic and telecommunications equipment and parts
Number Employed: 250
Group: Tinno Mobile Technology Corp

Employment Effects

Announcement Date: 09-09-2019
Planned Job Reductions min: 90
Planned Job Reductions max: 90
Type of Restructuring: Internal restructuring
Employment Effect Start: 10-09-2019
Foreseen End Date: 31-12-2019
Other Job Reduction Measures: 90

Additional Information

The telecommunications company Wiko, which sells mobile phones, has announced 90 jobs out of a total workforce of 250 based in Marseille (Bouches-du-Rhône). Departures take the form of a collective contractual termination. In the next few days, 90 people are expected to leave the company. The employees and management have agreed on a supra-legal indemnity of up to 11 months. The company explains it has to cope with Chinese companies' sharp competition .

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