2023-12-10 17:00:15
We didn’t even have to wait a month. International Media Invest, a subsidiary of the group of Czech billionaire Daniel Kretinsky, the new owner of Editis – number two in France in publishing – since November 14, is already facing its first social movement. The Force Ouvrière (FO) union urged all employees of Interforum, the distribution and broadcasting subsidiary of Editis, to demonstrate on Monday, December 11 from 2:30 p.m., in front of the group’s head office, located in the 13e district of Paris. In a leaflet, the second union organization – after the CFDT – of Editis (Plon, Robert Laffont, XO, Edi 8…) judges “social dialogue broken”.
Thursday, December 7, after the third meeting concerning the obligatory annual negotiations of Interforum (each entity of the group leading separate negotiations), Isabelle Ménil, central FO union delegate of Interforum, judged that the proposal for salary increases formulated by management , of “65 euros gross per month up to 50,000 euros gross annually excluding bonuses”, continued “to widen the gap between Interforum and other entities”. The union recalls that“Interforum makes profits” and estimates “indecent » what he describes as“alms in view of the benevolence displayed and declared to all”.
The next day, Editis management sent an email to Interforum employees, to calm things down. Wishing exchanges “loyal and constructive”, it ensures that it is guided by three principles: “economic responsibility”, “equal treatment between all companies in the group” et “to social justice”.
Subsidiaries in mixed health
The new president of Editis, Denis Olivennes, Daniel Kretinsky’s right-hand man who encouraged the latter to buy the publishing group for 653 million euros, necessarily read the confidential report on the economic and financial situation ordered from the cabinet Secafi Alpha and that The world was able to consult. Contacted, the latter did not respond.
Secafi Alpha’s findings timely shed light on the very contrasting financial health of the various subsidiaries in the first half of 2023. “The stability of Editis” during this period is “linked to scope effects and price increases” and mask “a difficulty in generating real organic growth”, according to the authors. With a half-year turnover of 344.3 million euros, stable compared to the first six months of 2022, the group recorded a half-year net deficit of 14.3 million euros, down by 1 million compared to first six months of 2022. Generally, publishing does better in the second half thanks to Christmas sales.
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