Vivendi’s pay-TV Canal Plus is set to cut 500 jobs in France – nearly 18 per cent of its staff in the country – through voluntary departures, according to a report by news site Les Jours.
The French media giant’s division has been losing subscribers as streaming platform Netflix and beIN Sports have proven popular among consumers in the country.
The group, which built its reputation of broadcasting major football matches, also suffered a heavy blow last year when it ended up empty-handed in a crucial rights auction in France, beaten by Spain’s Mediapro.
A works council is scheduled next week to discuss a plan to cut jobs through voluntary departures, a union source told Reuters.
Canal Plus has yet to comment.