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.
The media company les Journaux du Midi (1,070 employees) has announced that it is to cut 158 jobs until 2012 by means of a voluntary departure plan. The management expects to save 8 million Euros on salaries until 2014 and to downsize its workforce from 1,070 to 900.
Since 2007, les Journaux du Midi belongs to the media group "Groupe Sud Ouest". Its management had sold one of Journaux du Midi's subsidiaries C3G which generated high losses last year.
Les Journaux du Midi is the publisher of regional and local newspapers - "Midi Libre", "L'Indépendant", "Centre Presse" - and has its own printer "Imprimerie du Midi".
Eurofound (2011), Les Journaux du Midi, Internal restructuring in France, factsheet number 72008, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72008.
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