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Pierre & Vacances - Center Parcs
Main severance
Details not public
Health cover
Statutory portability
Status
Signed
Positions affected
105 positions (France + Netherlands combined — split not publicly specified)
Context
Why the plan was launched and who is affected
Plan type
Sector crisis
Sites affected
Pierre & Vacances + Center Parcs France and Netherlands — HQs + regional offices
Rationale & context
Social plan announced December 2021 within a major financial rescue plan for Pierre & Vacances-Center Parcs group (~12,000 employees, operating holiday villages and tourism residences). 105 layoffs France + Netherlands combined — modest volume relative to group size (~1% headcount), reflecting strategy of rescue via debt rather than mass headcount cuts. Covid-19 context: international tourism collapse, regulatory site closures. Overall plan: debt conversion, recapitalization, State guarantee (€750M loans + €250M solidarity fund), landlord-tenant agreement on 5 months rent. Change of control completed September 2022 (Alcentra / Fidera / Pastel consortium + creditors).
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Severance
What employees received — legal base, supra-legal, caps
Legal / collective indemnity
This is the minimum guaranteed by your sector's collective agreement. Paid to every affected employee on top of the statutory legal indemnity.
HCR or Tourism collective indemnity (IDCC 1979 or 1316 depending on perimeter)
Underlying formula ·
Supra-legal top-up
The amount negotiated by unions ON TOP OF the legal and collective minimum. Often the largest part of the package.
Information not public
Notice period
Period between the dismissal notification and the actual departure. The employee remains paid during this time, whether they work or not.
Not specified in the PSE.
Collective minimum · Hotels-Cafés-Restaurants agreement (IDCC 1979) — All categories: 1 to 2 months by seniority.
Example — rough estimate
For a non-manager employee with 5 years of seniority and €3,500 gross/month:
| Collective severance | (1.25 months × €3,500) | €4,375 |
| Supra-legal severance | — | Not publicly disclosed |
Very rough illustrative estimate. Your actual amount depends on your exact reference salary (max of 1/12 of last 12 months or 1/3 of last 3 months, bonuses included — art. R1234-4 French Labour Code), your precise status (manager/non-manager/ETAM), your hire date and your individual situation. For a personalized calculation of the legal indemnity, use the official French Ministry of Labour simulator.
Notes & sources
Additional information and references
Notes
Social plan announced December 2021 — 105 layoffs France + Netherlands combined (split not specified). Part of a major financial rescue plan: debt conversion, recapitalization, €750M State loan guarantee, €250M solidarity fund, agreement with small landlords on 5 months waived rent. Context: Covid-19 crisis (tourism collapse). Change of control completed September 2022 (Alcentra / Fidera / Pastel Holding consortium + creditors). Specific indemnities not public — section open to contribution.
Support
Outplacement, training, retraining aid and mobility
No one has documented this point for this plan yet. If you've been through it or have the document, your help will make this file useful to the next person.
Selection
How departures are decided — criteria and voluntary scheme
No one has documented this point for this plan yet. If you've been through it or have the document, your help will make this file useful to the next person.
📄 Wikipedia + Écho Touristique — Pierre & Vacances-Center Parcs restructuration (déc. 2021) · View source →