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The Pinault Printemps Redoute (P.P.R. ) multinational retailer has officially announced a massive plan of collective redundancy in France. The group will cut 800 jobs at Conforama (furniture) and 400 at FNAC (multimedia, books, ...) in France after the recent dismissal of 675 in La Redoute (clothing). P.P.R. also owns Puma, Gucci group and Yves Saint Laurent.



The EWC members unanimously rejected the restructuring plan of the company and asked shareholders to pay back

418 million euros dividends to save their jobs, declares CGT Commerce.



After the meeting, François Henri Pinault, the C.E.O., was blocked an hour in his taxi by a hundred of workers mobilised that day until the French police intervention. Invited at the Sustainable Luxury New Delhi 2009 organised last week by the International Herald Tribune, he declared that his company in one of the best Corporate Social Responsability success stories and that he believes in investing in its workforce to maintain their employability.