INFO OBS. How Orange is preparing a massive cut in its workforce



“2020 has been an extraordinary year, welcomed Stéphane Richard, CEO of Orange, during the presentation of the financial report for the year, on February 18. In this difficult context [de la pandémie de Covid-19] in which networks have demonstrated their vital aspect for companies, Orange has been able to adapt and cope. A facade of rejoicing, as the economic results of the flagship French operator are disappointing: the group’s turnover, stable at 42.3 billion euros, masks a profit (EBITDAaL) down by -1% and a result operating income down 409 million euros (-6.9%). Hence a lagging stock price since the start of the pandemic, and now a great concern among the unions.

Because if Orange has turned out to be rather sluggish in 2020, its European counterparts such as Deutsche Telekom or the Spanish Telefónica have pulled out of the game, like the many technological players establishing themselves as winners of the Covid crisis. -19. Too the fear that management is playing on the payroll to boost the financial results, while reducing the workforce, explains Sébastien Crozier, president of the CFE-CGC union at Orange, to the majority. When presenting the results on February 18, the group effectively positioned itself as a degreaser:

The savings will gradually increase by 2023 and will relate to personnel costs and overheads.

To trade unions, the

To read the remaining 84%,
test the offer at 1 € without obligation.



Leave a Reply

Your email address will not be published. Required fields are marked *