Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
TDF (Télédiffusion de France), a French provider of radio and television transmission services, has announced a digital-oriented ‘transformation project' that could lead to the loss of at least 550 jobs between September 2009 and December 2010.
The company, which employs 2,400 people, says it mostly plans to lose the jobs through natural wastage and early retirements. The French analogue switch-off is planned for 2011 and the end of the analog market could deeply impact the company's revenues. Currently, some 40% of TDF's income comes from analogue network transmissions. The new digital TV channels, plus radio and mobile TV, will not adequately compensate for this lost revenues, the company adds.
Chief executive Patrick Babin justifies the management's decision with the fact that the analogue broadcast would be phased out by the end of 2011. Part of the job cuts is determined to help TDF be more competitive in new markets, Babin noted, adding that the current plan will not affect TDF's operations outside France, where the group generates 50% of its turnover. The group currently makes sales of EUR 800 millions in France, including EUR 300 millions from analogue diffusion and EUR 100 millions from digital.
Trade union representatives within French tower and transmitter operator TDF will stage a strike on June 22-23 to protest against the planned job cuts.
Eurofound (2009), TDF, Internal restructuring in France, factsheet number 69123, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69123.
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