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Layoffs, bankruptcies: sectors suffering from coronavirus

2020-05-22T11:11:00.951Z


Several companies located in France will have to lay off or carry out major restructuring.The coronavirus crisis has precipitated several French companies, some of which were already in difficulty, into bankruptcies or restructuring with heavy consequences on employment, as shown by these few examples. Furnishings The furniture brand Alinéa, whose head office is in Aubagne (Bouches-du-Rhône) and which employs nearly 2,000 employees, declared that it had ceased payment on May 6 and wa...


The coronavirus crisis has precipitated several French companies, some of which were already in difficulty, into bankruptcies or restructuring with heavy consequences on employment, as shown by these few examples.

Furnishings

The furniture brand Alinéa, whose head office is in Aubagne (Bouches-du-Rhône) and which employs nearly 2,000 employees, declared that it had ceased payment on May 6 and was placed on bankruptcy on May 13. .

Automobile

According to the Canard Enchainé of May 20, the automaker would consider closing four sites in France - Flins, Dieppe, Choisy-le-Roi and the Foundries of Brittany - as part of a plan of 2 billion savings which must be unveiled on May 29.

The first Edouard Philippe warned that the government would be " intransigent " on the " preservation " of Renault sites in France. " Renault is playing its survival, " said Bruno Le Maire on Friday in an interview in our columns, adding that he had not yet given the green light to a loan of 5 billion euros to the company in distress.

Read also: Bruno Le Maire at Le Figaro : "Our objective is the economic sovereignty of France"

Audio-visual

Anticipating a collapse in advertising revenue, NextRadioTV, the parent company of BFMTV and RMC, announced on May 19 a " post-Covid transformation and reconquest plan " which plans to reduce the workforce and the wing in sport and entertainment. NextRadioTV, which employs more than 1,600 people (FTEs), intends to halve the use of intermittent workers, freelancers and consultants and " pool support functions ".

Read also: Alain Weill: "We must reduce the workforce of NextRadioTV"

Impacted by the cessation of major sports competitions during the epidemic, the sports news channel RMC Sport News (Altice group) will stop definitively from June 2, according to L'Équipe.

Shoes and clothing

The shoe and clothing brand La Halle (Vivarte), which employs more than 6,000 people in France, has been in the safeguarding procedure since April 21. The candidates for the takeover have until May 25 to submit their offers.

Another Vivarte brand, André (shoes, 600 employees) went into receivership in early April after having to close all of its stores and lost nearly 4 million euros in two weeks.

The Commercial Court of Bobigny (Seine-Saint-Denis) ordered on May 15 the receivership of Naf Naf (1,170 employees), bought two years ago from Vivarte by a consortium led by the Chinese group La Chapelle. Two takeover offers are to be studied in early June.

Orchestra-Prémaman (children's articles, 2,900 employees), already under safeguard procedure since September 2019, has been in bankruptcy proceedings since the end of April.

Hobbies

Disneyland Paris said on April 4 to end the contracts of some 350 intermittent workers and artists and technicians recruited in early 2020 for its shows, while the Marne-la-Vallée amusement park has been closed to the public since March 16.

Source: lefigaro

All business articles on 2020-05-22

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