A new restructuring strategy has been authorized by unions at PMU, which will eliminate 47 positions within its regional sales operations in France, pending approval from the French labor authorities. This plan, while resulting in 128 layoffs overall, will also create 81 new roles, leading to a net reduction of 47 jobs.
Out of the four unions participating in the discussions, three have consented to the collective agreement, while the CFDT union has expressed its dissent. The CFDT's opposition centers on the strategy's dependence on regional teams instead of the Paris headquarters.
Developed by CEO Cyrille Giraudat, the Employment Protection Program is part of a larger initiative to reorganize PMU’s sales department. This restructuring will impact approximately 350 employees in the regional sales and outreach divisions, but employees based in Paris will not face layoffs at this time.
As the largest racing network in Europe, PMU has been grappling with an aging customer demographic, and past efforts to engage younger audiences have proven unsuccessful. The CFDT remarked that regional employees are vital to the current retail network and play a significant role in piquing younger customers' interest in racing.
