Published on November 5, 2024 at 11:52. / Modified on November 5, 2024 at 6:14 p.m.
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Groupe E announced the closure of two subsidiaries in the field of optical fiber, resulting in the elimination of 69 positions
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The Friborg group justifies this decision by insufficient results in a context of market developments
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The energy company launched a savings plan in the spring intended to improve its profitability by 35 million francs per year from 2026
The company had already announced the color. In April, when presenting its results, Group E announced a savings program intended to improve its profitability by 35 million francs per year from 2026, without further details. This Tuesday, November 5, the Friborg energy company announced that it would take over its subsidiaries S. Roubaty and FTH Services, as part of a resizing of its fiber optic activities. This decision results in the elimination of 69 positions (67.2 full-time equivalents). At the end of 2023, the group had 2,716 employees.
The financial results of the two subsidiaries are “insufficient”, underlines the company in a press release, which also mentions a tightening of margins and “price adjustments imposed by the main players [qui] compromise the profitability of subcontracting companies. In 2023, the group had a turnover of just over 1 billion francs for a net profit of 138 million.
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