A restructuring plan has been approved by unions at PMU to get rid of 47 positions from its regional sales operations in France, following the union’s agreement still subject to the approval of the French labor authorities.
The plan will result in the layoff of 128 positions while creating 81 additional positions, and, thus, the net loss of 47 positions in staffing.
Out of four unions involved in the plan three have signed the collective agreement. The CFDT union has objected to it for the reliance of the plan on regional teams instead of the headquarters located in Paris.
The Employment Protection Program introduced by PMU was developed by CEO Cyrille Giraudat in the framework of the broader project of reorganizing the department of sales of the company.
Around 350 employees in the regional sales and outreach divisions will be affected with no layoffs among the employees at the office in Paris for now.
PMU is the largest racing network in Europe, but the company’s customer base is getting older and the previous attempts to attract younger customers have failed.
According to CFDT, regional employees play an important role in the existing retail network and help in attracting the interest of the younger customers in racing.
