France's Canal Plus confirms plan to cut up to 500 jobs

Screen | 7/9/2019 | Staff
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France’s beleaguered pay-TV group Canal Plus has confirmed it is planning to axe up to 500 jobs.

The group said it had unveiled details of the planned job losses at a special presentation to employee representatives of a “global transformation project”.

Body - Cuts - Staff - Response - Upheavals

The body said the cuts to staff were in response to the “upheavals” shaking the audiovisual sector and the professions related to it.

The announcement comes amid a difficult time for the group which has seen subscriptions tumble to below five million in the face of rising competition from global platforms like Netflix.

Canal - Plus - Group - Growth - Model

“The Canal Plus Group has been committed to redefining its growth model for several years in order to become a world player for French and European culture,” it said in a statement.

“In the framework, the company has accelerated the development of its international activities and kicked off a move into digital to give clients an original, attractive and renewed experience.”

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