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General

Altice guarantees no layoffs for 3 years if it buys SFR

Thursday 27 March 2014 | 09:15 CET | News
French investment company Altice and its cable operator subsidiary Numericable have written a letter to Vivendi and SFR guaranteeing that there would be no mass job cuts as part of a restructuring if it acquires SFR. Jobs will be guaranteed for three years from the end of its exclusive negotiation period on 4 April. The letter published by Les Echos and signed by Altice chairman Patrick Drahi, CEO Dexter Goei and Numericable CEO Eric Denoyer justifies the commitment by indicating that there is no overlap between the activities pursued by each of the entities that will constitute the merged

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Categories: General
Companies: Altice Europe / Bouygues Telecom / Numericable / SFR / Vivendi
Countries: France
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