Bankruptcies, job cuts : the collateral effects of coronavirus in France

The economic crisis caused by the pandemic coronavirus has plunged many companies into a difficult situation.

The crisis of the sars coronavirus has precipitated several French companies, some of which were already in trouble, in bankruptcy or restructuring, with serious consequences for employment.

Automotive

Renault, in financial difficulty, provides for the elimination of about 15,000 jobs in the world, with 4600 in France, in the framework of a savings plan of more than 2 billion euros over three years. Four French sites should be allocated : Caudan (Morbihan), Dieppe (Seine-Maritime), Maubeuge (Nord), and Choisy-le-Roi (Val-de-Marne), which will be closed at the horizon 2022.

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The project also includes the shutdown of auto production in Flins (Yvelines) after 2024. The truck manufacturer Renault Trucks has announced the abolition of 463 jobs among its white-collar employees.

Aerospace

According to les Echos, "the reconstruction plan, from Air France (...) should count from 8000 to 10 000 job losses, or 15% to 20% of the workforce". The figure to include job cuts on a voluntary basis, has not been confirmed by the management.

Furniture

The ensign Subparagraph (2000 employees), based in Aubagne (Bouches-du-Rhône) is in receivership since may 13.

Media

The mother house of BFMTV and RMC, NextRadioTV (1600 employees), wants to remove 330 to 380 CDI and up to 200 freelancers and intermittents. The group's subsidiary Altice (a minority shareholder of The Express, editor's NOTE) was announced in mid-may, a "plan of transformation and of reclaiming post-Covid" planning to reduce sail in the sports and entertainment.

Penalised by the discontinuation of the major sports competitions, the chain of sports information RMC Sport News (group Altice) was arrested on 2 June.

Reworld Media, the owner of Grazia since 2019, wants the elimination of 31 positions, and discontinue the weekly release of the magazine.

Shoes and clothes

The brand of ready-to-wear male Celio - 4,000 employees in the world - has asked the 22 June to be placed under backup procedure in the absence of agreement with its banks. The closure of its 1585 stores in the world-has resulted in a loss of turnover of almost € 100 million between march and may.

The brand shoes and clothing La Halle (Vivarte, 5391 employees in France), is placed into receivership since June 2. The group Vivarte has received 25 offers of partial recovery, which would save theoretically up to 607 stores on 830.

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The brand of the shoes of the group Spartoo André (600 employees) was put into receivership at the beginning of April after having had to close its stores and lost almost € 4 million the last two weeks of march.

Naf Naf (1170 employees), placed into receivership on may 15, will be acquired by the industrial group SY, who is committed to maintain 75% of jobs in France.

Cameo : the business of ready-to-wear (3900 employees, 634 stores) was put into receivership on may 26, with an observation period of six months. The government said to seek a buyer.

The manufacturer of the jura mountains in glasses Amy (120 employees) was placed on June 2, in receivership.

Recreation

The management of TUI France, the first tourist operator in the country, announced on June 17, wanting to remove up to 583 positions, or two-thirds of its workforce.

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The global economy at the stop

troubled, Celio's request to be placed under safeguard procedure-associated Coronavirus : 14 deaths in 24 hours in France in the hospitals, The brand Naf Naf acquisition by the group industrial Sy Corporate France

The group of digital media Webedia, a subsidiary of the group Fimalac, headed by Marc Ladreit de Lacharrière, which has fifty sites and apps dedicated to entertainment and leisure has prepared a plan for voluntary departures of 80 to 90 people.