DOWNWARD TREND: The next issue of Elle France is set to hit newsstands on Friday, despite the wide-scale strike that has affected its publisher, Lagardère Active, since Thursday. Employees walked out after the firm’s multimedia division announced a social plan.
Employees decided to put an end to the strike following a general assembly on Monday where the management made some concessions, an internal source told WWD. “It’s the first time that there’s a strike so close to our closing date,” the source said.
The group announced on Tuesday a voluntary redundancy plan of 220 jobs across its publications, which also include Paris Match. The strike cast serious doubts on Elle’s publication. Its sister publication, Journal du Dimanche (JDD), wasn’t on newsstands Sunday.
It marks the first wide-scale social conflict since the group started divesting its magazine business, a segment management doesn’t deem profitable enough. In 2014, Lagardère Active sold 10 magazines, including women’s monthly Be and Psychologies.