Leboncoin plans to cut 110 jobs in France.

This information was disclosed as part of the opening of an employment safeguard plan on Friday.

According to published by the newspaper Les Echos, it was later confirmed by the management of Adevinta, the Norwegian owner of the classifieds site.

Beyond the layoffs, several positions will be moved to the four corners of the company.

“The plan provides for 110 job cuts and 27 positions redeployed to other functions,” said Antoine Jouteau, the general manager of Adevinta France de Leboncoin, quoted by the economic daily.

Nothing is created, nothing is lost...

This decision is part of a global reorganization of the Norwegian group and which concerns approximately 5% of its 7,500 employees worldwide.

The French subsidiary, which also owns L'Argus or Locasun, employs around 1,500 people.

According to the newspaper, the layoffs will target administrative functions.

The boss of the specialist in online commerce between individuals has also indicated that he also plans to hire around 150 people in technical engineering, sales and marketing.

The juicy French market

"We must improve our management of the group to seek the synergies announced during the acquisition of eBay Classifieds Group, namely between 150 to 180 million dollars", declared Antoine Jouteau to explain this social plan presented Thursday before the committee. social and economic aspects of the company and which should last until mid-2023.

In the summer of 2020, the Norwegian specialist in online ads, which will publish its annual results for 2021 on February 24, announced the acquisition of the assets of the American giant eBay in this area for around 8 billion euros.

France accounts for around half of Adevinta's global turnover and the bulk of its profits.

In the third quarter, its turnover there increased by 6% compared to 2020, and its gross operating surplus by 3%.

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