The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture of food and beverage Manufacture of beverages 11.0 - Manufacture of beverages
1,200 jobs Number of planned job losses
Announcement Date
2 May 2025
Employment effect (start)
2 May 2025
Foreseen end date
Description
Moët Hennessy, a French subsidiary of LVMH and a manufacturer of wines and spirits, is cutting 1,200 jobs. This represents 10% of its 9,400 total workforce. The company aims to return to its 2019 headcount through the non-replacement of vacant positions and natural turnover. As a result, it will not implement a job-saving plan.
Moët Hennessy has been facing a decline in both demand and revenue. The market has been significantly affected, first by the COVID-19 pandemic and then by inflation. Its demand in China has worsened due to tariffs following an anti-dumping inquiry, increasing the company’s reliance on the American market. However, newly announced U.S. tariffs are making this strategy increasingly difficult. In November, Hennessy attempted to relocate cognac production to China to avoid tariffs. However, employees went on strike, leading to the suspension of the project
Several large restructurings by LVMH have been recorded in the ERM database, with the latest hiring 600 in France LVMH 2025 - F.
Eurofound (2025), Moët Hennessy, Internal restructuring in France, factsheet number 202688, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202688.
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