Blackmail Threat Divides Employees: Shareholder Panic
- After months of uncertainty, sipa-Ouest-France's decision to withdraw its capital from 20 Minutes has impacted the online media's employees.This follows months of financial difficulties and a tense...
- in early November, a motion of no confidence was issued against General Manager Ronan Dubois, according to reports.
- Sipa-Ouest-France, which has invested 30 million euros in 20 Minutes since its creation in 2002, is now focusing on other projects.
Sipa-Ouest-France Withdraws from 20 Minutes, Leading too Job Cuts
Financial Difficulties and Internal Concerns
After months of uncertainty, sipa-Ouest-France’s decision to withdraw its capital from 20 Minutes has impacted the online media’s employees.This follows months of financial difficulties and a tense social climate within the company.
in early November, a motion of no confidence was issued against General Manager Ronan Dubois, according to reports. The departure of the 50% shareholder was announced to employees on November 27 by Fabrice Bakhouche, General Director of Sipa, as reported by Le Monde.
Shift in Investment Priorities
Sipa-Ouest-France, which has invested 30 million euros in 20 Minutes since its creation in 2002, is now focusing on other projects. These include the video transformation of its regional daily and the launch of the Novo 19 television channel. According to Fabrice Bakhouche, the group is no longer able to put money in again
.