Job Market Monitor
Vivendi
France / SFR telecom may cut 1,100 jobs
SFR, the French mobile-telephone unit of media and telecom group Vivendi SA , may cut 1,100 jobs as market conditions grew more difficult for the company after telecom firm Iliad ILIAF +2.62% launched a low-cost mobile-telephone service this year, newspaper Les Echos reports Monday citing a labor union official. The company, which is due to … Continue reading
France – Layoffs – Vivendi, STMicro Revamp Face Hollande’s Scrutiny
Vivendi SA (VIV) and STMicroelectronics SA (STM), each considering a reorganization to boost their competitiveness, face a hurdle as French President Francois Hollande struggles to keep an election pledge on job creation. Industry Minister Arnaud Montebourg is today hosting STMicroelectronics Chairman Didier Lombard at Bercy, the sprawling 1980’s government complex in eastern Paris. The meeting … Continue reading
Vivendi plans to cut jobs
French media and telecoms giant Vivendi has said it will cut costs, including jobs, as it reported a drop in second-quarter net profits mainly due to its struggling telecoms unit. Net profit fell 46% to 619m euros ($777m; £490m) on revenue down 1.5% to 6.96bn euros, a statement said. Vivendi said it would cut costs … Continue reading
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