Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Orange    ORA   FR0000133308

ORANGE

(ORA)
  Report  
Delayed Quote. Delayed Euronext Paris - 08/23 11:38:36 am
13.4 EUR   -0.52%
08/21Texas shale towns grapple with growth as oil-bust fears fade
RE
08/13Merged CBS and Viacom aim to join U.S. media big league
RE
07/29ORANGE : Publication of first half 2019 financial report
GL
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Orange : offers to compensate victims in trial over workers' suicides

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/11/2019 | 03:25pm EDT
FILE PHOTO: Didier Lombard, former CEO of France Telecom, arrives at the Paris criminal court

PARIS (Reuters) - French telecoms operator Orange has offered to pay compensation to victims and relatives after a series of suicides and attempted suicides at the company in the late 2000s, on the last day of a two-month trial of former bosses over the deaths.

Ex-CEO Didier Lombard, six other former executives and the company itself are accused of moral harassment in the first case of its kind on this scale in France, setting a potential precedent for large businesses.

Between April 2008 and June 2010, prosecutors listed 18 suicides and 13 suicide attempts by employees of Orange, still called France Telecom at the time, when the company was engaged in deep restructuring after its privatisation.

The deaths shocked the nation and raised uncomfortable questions over corporate culture.

Orange's secretary general, Nicolas Guerin, told the court the company was anticipating requests by victims and their relatives for financial compensation and that it was ready to address them.

"We recognise that the transformation of France Telecom led to individual sufferings, which the company, alas, wasn't always able to prevent," he said. "In some cases, these sufferings can be addressed through damages."

Central to the case is a plan under which the telecoms operator aimed to cut its workforce by 22,000 and redeploy 10,000 workers between 2006 and 2010. Prosecutors believe this plan triggered the wave of suicides.

Lombard, who denied any wrongdoing, faces one year of jail and a fine of 15,000 euros (£13,484) if convicted.

The presiding judge estimated that claims for compensation so far amounted to about 2 million euros ($2.25 million). But this sum could go up, depending on the number of claims.

Orange's unions have asked for a compensation process and the CFE-OGC union has suggested the accused former executives pay the compensation out of their own pockets.

The Paris court is expected to give its verdict on Dec. 20.

($1 = 0.8883 euros)

(Reporting by Emmanuel Jarry; Writing by Mathieu Rosemain; Editing by Alexandra Hudson)

By Emmanuel Jarry

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ORANGE
08/21Texas shale towns grapple with growth as oil-bust fears fade
RE
08/13Merged CBS and Viacom aim to join U.S. media big league
RE
07/29ORANGE : Publication of first half 2019 financial report
GL
07/27Pepsi Needs a Win With Gatorade -- WSJ
DJ
07/26Vodafone to set up 18 billion euro European mobile mast company with IPO pote..
RE
07/25ORANGE : 2Q Net Profit Up, Backs 2019 View
DJ
07/25ORANGE : Press release Orange - Financial results at 30 June 2019
AQ
07/25ORANGE : Half-year results
CO
07/18ORANGE : Half-yearly report on the Orange liquidity contract
AQ
07/18GM's mid-engine Corvette gears up to take on Europeans
RE
More news
Financials (EUR)
Sales 2019 41 748 M
EBIT 2019 5 545 M
Net income 2019 2 707 M
Debt 2019 27 059 M
Yield 2019 5,31%
P/E ratio 2019 13,1x
P/E ratio 2020 12,2x
EV / Sales2019 1,50x
EV / Sales2020 1,47x
Capitalization 35 547 M
Chart ORANGE
Duration : Period :
Orange Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ORANGE
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 16,29  €
Last Close Price 13,40  €
Spread / Highest target 41,8%
Spread / Average Target 21,6%
Spread / Lowest Target 0,75%
EPS Revisions
Managers
NameTitle
Stéphane Richard Chairman & Chief Executive Officer
Ramón Fernández CFO, Deputy CEO-Finance & Strategy
Mari-Noëlle Jégo-Laveissière Senior EVP-Innovation, Marketing & Technology
Charles-Henri Filippi Lead Independent Director
Helle Kristoffersen Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ORANGE-5.33%39 598
VERIZON COMMUNICATIONS-0.53%231 285
NIPPON TELEGRAPH AND TELEPHONE CORP10.98%87 944
DEUTSCHE TELEKOM AG-0.31%78 050
SAUDI TELECOM COMPANY SJSC--.--%57 606
BCE INC.13.81%41 533