FRANCE: 1,350 jobs to go at La Redoute
1,350 jobs are be axed at La Redoute
The future owners of Kering's mail order unit La Redoute have announced that a total of 1,350 jobs are be axed over a four-year period as part of a strategy to return the company to growth in 2016.
They told a meeting of the company's works council today (9 January) that 1,178 jobs are to go at La Redoute and a further 172 at its delivery arm, Relais-Colis.
Priority will be given to negotiating early retirement and voluntary redundancy agreements with staff.
The company underlines that there are likely to be "significantly fewer" compulsory lay-offs than in a 2008 restructuring plan at Le Redoute, when 672 were forced to leave.
A staff union official said the news was "a body blow" as the restructuring plan would effectively almost halve La Redoute's workforce in France.
"I'm flabbergasted at the number of jobs to be axed - even if they are being spread over time and compulsory redundancies are limited. There is also the question
of what conditions those staff being kept on will be working under? It's hard to take in."
Kering has confirmed that it will contribute EUR315m US$428m) to the "economic transformation" of the company as well financing staff redundancy measures.
This report provides an update of business news in the following categories: acquisitions, divestments and mergers; company strategies; corporate social responsibility (CSR); financial results; intern...
- Low labour cost countries linked to highest risks
- Why should brands care about China cotton?
- UK reshoring hub hit by sweatshop claims
- New fibre and fabric innovations for outdoor wear
- China cotton: implications and opportunities
- South Africa to grow grass for recyclable textiles
- US West Coast port contract reached
- 30% of Adidas cotton from sustainable sources
- Activewear driving US apparel spend
- Benetton to embark on living wage roadmap
- Outdoor performance apparel: peaks, valleys, and green fields
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Global market review of swimwear - forecasts to 2019
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead
- Apparel Retail: Top 5 Emerging Markets Industry Guide