France - Redundancy plan SFR received with mixed feelings - August 31, 2016

In a joint statement, the CGT and CFE-CGC trade unions accused the second biggest telecoms company SFR of placing financial interests ahead of workers' rights. They refused to sign up to the redundancy plan. CFDT and UNSA, representing a majority of the company's workers, already agreed to the job losses that might result in savings of 400 million euros (£342.02 million) annually. SFR had proposed a redundancy package averaging 2.5 months of salary per year of service. The redundancy plan will cost around 800 million euros.

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