Two of the main trade unions representing SFR’s workforce reached an agreement with the company on a major restructuring plan involving approximately 5,000 jobs, out of the current 14,300, reports Le Monde. The agreement follows a meeting between the SFR management, union and government representatives on 2 August.
The two trade unions, UNSA and CFDT, have between them a majority vote, according to Le Monde, and the agreement they signed cannot be disputed despite the opposition of three other trade unions (CFE-CGC, CFTC and CGT). The restructuring plan will be carried out in two stages. In the first phase, 1,000 jobs will be cut in SFR’s retail operations by the end of the year. This will be followed by 4,000 voluntary redundancies from July 2017.
According to Les Echos, the operator is setting aside in the range of EUR 600-800 million to finance the workforce reduction plan, which, in turn, should save an estimated EUR 400 million a year from 2017.
