Monster Europe en voie de liquidation, Randstad et Apollo face à leurs responsabilités

The liquidation of Monster Europe is confirmed. Over a year after the creation of a joint venture between Monster and CareerBuilder, shareholders Randstad (49%) and Apollo (51%) have ceased financial support, leading to the cessation of operations in Europe. This decision affects over 200 employees in France, with no plans for reemployment or support provided.

Randstad acquired Monster in 2016, maintaining full ownership until September 2024, when the majority was transferred to Apollo, retaining a 49% stake. Randstad now acts as a minority shareholder, claiming no operational control, a stance disputed by employee representatives.

Employee Agreement and Financial Disbursements

A corporate agreement under Randstad's supervision, valid until 2027, included enhanced support for affected employees, particularly seniors and those pursuing entrepreneurial projects. However, this commitment is reportedly not being honored. Randstad has declined to address the social implications, citing its minority shareholding. Meanwhile, targeted financial distributions were made to senior executives: $1.2 million for liquidation management and nearly €5 million during the joint venture's 2024 launch as part of a shareholder plan. No similar provisions have been made for employees, whose salaries and severance will rely on the French public system.

This development raises questions about the actual social commitments of large corporations, especially following changes in ownership structure, and the shareholders' responsibility in social matters beyond legal obligations. It also revives discussions on the role of the state and taxpayers in indirectly financing solvable groups' disinvestment decisions.

Monster France employees demand that Randstad fulfill its historical commitments and assume full social responsibility.

D’après FrenchWeb.