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.
(10 - 33) Manufacturing (10 - 11) Manufacture of food and beverage 11 - Manufacture of beverages 11.01 - Distilling, rectifying and blending of spirits
140 jobs Number of planned job losses
Announcement Date
15 June 2025
Employment effect (start)
15 September 2025
Foreseen end date
1 August 2027
Description
Pernod Ricard, a French spirits manufacturer, is cutting 140 jobs at its Paris headquarters, representing 17% of its local workforce.
The company has been facing financial difficulties due to the lower demand in China and in the United States. Through a project nicknamed 'Tomorrow 2', the company is also planning to cut jobs at its subsidiaries. The job cuts are expected to be voluntary, following negotiations. The company expects to save a billion in the following three years.
Additionally, 30 employees could therefore be cut at the cognac company Martell, and he champagne division is under consideration for sale. Indeed, the company is aiming to regroup all its brands within two groups.
Pernod Ricard had a total workforce of 19,550 worldwide and 3000 in France.
Several large restructurings have been recorded in the database, such as in 2019 Pernod Ricard 2019 - FR.
Eurofound (2025), Pernod Ricard , Internal restructuring in France, factsheet number 203158, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203158.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
