The French giant of children's clothes, Orchestra-Prémaman, placed in September in safeguard procedure because of financial difficulties, announced this Monday afternoon that it would cut 159 positions in France and 300 abroad, in the part of a reorganization, says AFP.
The group will cut 302 jobs in France, in particular by closing two warehouses in Montpellier, in Hérault, but will also create 143, including 130 in Arras, in Pas-de-Calais, where the activity of these two sites will be relocated, and 13 at headquarters, its president and founder, Pierre Mestre, told AFP. This reorganization corresponds to a net balance of 159 fewer posts in France. The largest part of the cuts abroad will concern Belgium and Spain.
A total of 140 stores will close
In detail, the jobs eliminated in France will be eliminated in stores (149 positions), in logistics (115, on the Saint-Aunès and Saint-Jean-de-Védas sites, near Montpellier, in Hérault ) and at headquarters (38), "to which will be added around 300 positions cut abroad," the group said in a press release.
In all, 140 group stores will close, including 81 outside France, by “liquidation”, mainly in Belgium where 162 positions will be eliminated with the current closure of 41 stores, in Spain (108 fewer positions and 42 stores in close), in Germany (around 20 jobs less) in Greece and Switzerland, the group said.
A hearing at the Montpellier court in March
In mid-January, the group announced that it would close 34 stores in Belgium, without giving details of the number of employees concerned. Twenty-one stores will therefore remain open in this country, out of the 53 before restructuring, he said on Monday.
Thus, at the end of the restructuring, the foreigner "will it represent only 25% of turnover against 40% at present" for the group which currently has 2,920 employees, said Pierre Mestre.
Founded in 1995 by Chantal and Pierre Mestre, the company Orchestra, which bought Prémaman in 2012, now wants to refocus on its "five main markets", the most lucrative: France, southern Belgium, Switzerland, Morocco and Greece, said the leader. A hearing at the Montpellier Commercial Court is set for March 17, during which the opening of a second observation period of six months will be requested.
Economy
Montpellier: The Orchestra-Prémaman group placed in the safeguard procedure
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