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Update Numericable reassures its workers - 11-February-2009, 13:40

Numericable reassures its workers

The French cable operator Numericable is trying to reassure his employees their jobs are safe, following a warning by the holding company on its financial situation. At the moment, the company has outstanding debts totaling 3 billion.

According to CEO Pierre Danon, there was a slight tension at the end of the financial year. During an extraordinary board meeting, held on February 4, staff members which are part of the workers committee demanded an explanation on the debt burden of the company due to successive acquisitions, non-payment of suppliers, the chronic understaffing which leads to a poor quality of service and a freeze on hiring more people.

According to Numricable, the financial situation of the group is still healthy and the debt does not constitute an obstacle in terms of funding or investment. The operator also said it is not planning any job cuts.
   
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