commiss decis januari grant condit approv aid franc decid grant société français de product notifi document number french text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof interest parti notic accord abovement articl submit observ introduct decis commiss decis februari initi proceed articl treati proceed decis concern aid frf million ecu million compris industri restructur aid frf million ecu million financi restructur aid frf million ecu million franc intend grant société français de product sfp time initi proceed pend implement restructur plan submit commiss authoris rescu aid frf million ensur short term surviv sfp sfp supplier technic servic audiovisu sector produc televis programm nation radio televis broadcast compani ortf split compani televis product newli establish compani sfp broadcast respons organis sfp continu enjoi protect posit french audiovisu market moment sfp wholli control french state audiovisu product open competit franc sfp poorli prepar competit environ lost turnov financi difficulti meantim workforc cut back sharpli end loss made offset state public sharehold separ oper french author grant aid sfp total frf million amount commiss approv aid total frf million decis februari march neg decis ec refer made detail respect balanc frf million chiefli ow lack restructur plan french author gave commiss undertak recov aid amount frf includ interest total aid grant date sfp includ industri restructur aid cover decis amount frf million frf million frf million ecu million current proceed initi franc intend privatis sfp sell privat undertak imag télévision international générale imag iti gi buyer undertak restructur aid refer form part april clear sale place novemb french author submit commiss restructur plan similar preced plan drawn prospect purchas sfp privatis longer envisag restructur plan compon plan plan present novemb consist reduc sfp oper cost improv commerci oper cover period januari end implic turnov result perman casual staff set tabl gt tabl gt financi equilibrium attain posit result frf million amount return equiti equiti total balanc ratio propos plan entail restructur largest item extern charg labour cost reorganis sfp reduc extern charg purchas polici optimum stock manag lower oper cost simpler structur staff cost account sfp oper cost return equilibrium necessarili entail reduct cost bidder sfp french author produc rigor plan respect oper perman workforc downsiz entail redund recruit redund achiev mean departur person ag year month decemb latest person sfp suggest person ag year month decemb depend requir firm carri person project obtain dispens work guarante incom group person affect voluntari departur incent support person project person transfer statu worker casual employ show busi person retir person transfer public audiovisu sector person correspond annual averag record predict perman workforc trend januari juli januari juli januari trend relat limit increas number casual technic worker end compulsori place order sfp public televis channel abolish year sfp compet audiovisu firm market unabl guarante turnov system situat cut workforc turnov virtual constant level period measur improv effici organis stronger commerci function singl commerci function oper conjunct market set special personalis link commerci director sfp custom respons time improv simplifi procedur simplif structur adapt smaller size firm combin schedul program computeris plan systemat search econom organis simpler work organis incent modul work time reorganis sfp benefit system improv effici perman workforc increas product depend activ concern audiovisu market grow chiefli ow increas number televis channel domest programm product larg number channel fact sfp turnov virtual level mean reduct market share aid packag frf million amount cover industri restructur cost amount financi restructur verifi amount correspond fresh liquid made result settlement past debt comparison iti gi plan comparison iti gi plan origin submit commiss decis initi proceed show similar plan base amount aid industri restructur frf million amount financi restructur frf million kei financi data tabl ioti gi plan outlin decis initi proceed import iti gi attach condit plan import condit differ exist worth examin concern reduct perman employe jettison collect bargain current plan larger cut workforc person initi plan person longer collect bargain equival system similar effect replac modul work time reorganis sfp benefit system iti gi plan provid turnov frf million similar amount frf million recent plan notifi take account differ definit turnov plan cost plan frf million cost present slightli lower frf million observ receiv french author submit observ proceed initi answer commiss letter decemb letter decemb answer question plan novemb question ask letter date decemb repli receiv januari complain lodg complaint commiss letter date april aid sfp inform commiss view initi proceed letter date state iti gi withdrawn offer march franc announc suspens privatis procedur submit observ commiss publish plan letter decemb complain refer articl publish press reorganis plan submit novemb commiss demand make view current plan extens articl proceed note sfp work council trade union approach commiss submit observ period forward french author view proceed fact current restructur plan longer offici base plan drawn privat compani iti gi part bid sfp present restructur aegi public author factor affect aid conclud plan similar rigor origin plan privatis refer proceed initi februari crucial final decis firm viabil conclud regard articl treati fact comparison proceed extens proceed final basi conclus proceed affect chang circumst plan assess financ point condit grant sfp point assess light articl treati order determin constitut aid state resourc paid firm profit invest gener return firm commensur size fund alloc accept privat investor oper normal market economi condit articl financi contribut constitut state aid grant state state resourc commiss determin propos aid distort threaten distort competit favour undertak product good affect trade member state condit met present case part state measur financi contribut frf million industri restructur financi restructur frf million form part clearanc debt aid improv sfp abil market servic franc member state eea countri make harder foreign audiovisu compani market servic franc aid distort liabl distort competit member state european market audiovisu product technic servic provid competit competit suppli integr audiovisu product strong simpli suppli record team studio market consist integr produc sfp offer technic facil vast number specialis busi offer specif servic note sfp present foreign market restructur plan continu presenc commiss note complain oper franc member state note complain lodg complaint articl proceed present object occas result public initi proceed inform press born mind european market televis cinema product exist compris product european produc distribut audiovisu product countri countri product aspect relev case french market french govern pursu activ polici distribut french product countri aid question regard aid articl treati compat aid establish financi contribut question constitut state aid articl treati commiss examin aid consid compat common market accord articl derog provid articl articl relev present case aid intend favour develop disadvantag region remedi disturb economi member state aid promot cultur heritag conserv articl qualifi exempt provis aid question intend ensur surviv sfp french govern provid detail suggest aim promot cultur heritag conserv mean provis derog contain articl aid facilit develop activ order defin condit applic derog articl aid firm difficulti commiss adopt guidelin state aid rescu restructur firm difficulti stipul number criteria aid fulfil distinguish rescu aid restructur aid guidelin lai criteria restructur aid aid link viabl restructur recoveri programm submit relev detail commiss capabl restor long term viabil firm reason time scale propos measur distort competit line common interest effect recipi market posit offset reason extent distort effect aid competit aid limit strict minimum need proport restructur cost benefit firm fulli implement restructur plan observ condit impos implement plan complianc condit monitor requir submiss detail annual report commiss viabil kei compon restructur plan reduct product cost lower staff cost achiev realist project turnov grant aid plan target achiev financi equilibrium posit result frf million return capit ratio equiti total balanc sheet factor regard reason likelihood equilibrium achiev last ensur long term viabil depend definit last natur measur cohes measur analysi consider reduct cost frf million cost show reduct affect categori charg largest cut staff cost reduc frf million target achiev reduc perman staff person partial replac casual worker cost lower perman staff reduct constitut last save automat make definit contribut improv futur result evid measur propos long term cohes staff cost turnov ratio complet plan includ extra casual staff standard sector compar compani provid technic servic french firm vcf french author plan reduct perman casual staff chang ratio categori provid schedul essenti viabil firm confirm analysi consequ restructur measur past firm recoveri base intern measur anticip increas turnov total yield fall frf million yield estim consid realist turnov total employ ratio compar averag ratio sector ratio sfp take account casual staff expect rise frf dutch compani similar integr servic reput effici enjoi similar ratio frf comparison sfp limit video oper sfp forecast turnov employe frf million similar competitor vcf order bring turnov total employ ratio level competitor firm intern action increas price servic difficult implement fact present plan similar privat bidder acknowledg specialist audiovisu sector project viabil amount aid significantli back analysi present plan effect capabl restor viabil aid frf million implement cost reduct measur improv qualiti turnov increas product aid compris industri compon financi compon aim recapitalis firm suffer past liabil aid question cover firm minimum requir financi organis restructur notabl reduct staff cost contribut improv sfp result need bring back viabil financi restructur sfp neg equiti accompani state assist lead bankruptci prevent complet industri restructur plan view forego commiss consid aid packag constitut compris capit inject settlement past debt aid compon insepar link make sens firm recov assess aid measur upheld court justic european commun case intermil commiss avoid distort recent year sfp experienc sharp fall turnov ow inabl produc competit price restructur plan effect lower turnov view growth market sfp lose market share import counterpart aid reduct capac provid restructur plan major counterpart cost price sfp servic plan cover cost incur evid sfp longer avoid market condit competitor oblig oper commiss consid sfp difficulti due specif commerci aim market sfp form integr part public audiovisu sector time inherit cumbersom econom structur facilit competit access public resourc similar situat pure public provid suppli servic exclus public broadcast compet market exist member state franc provid sfp conclud restructur sfp viabil time complex process degre distort competit avoid limit aid aid attain specif object strict proport financi requir object excess evid fact expect result simpli achiev financi equilibrium improv result distort competit continu standpoint aid contrari common interest reduc aid frf million direct effect diminish forecast result prevent sfp attain aim viabil implement plan observ condit implement measur plan born mind french author regard core plan reduct staff cost commiss consid view born past experi shown difficulti align staff cost level activ basic continu problem affect firm commiss conclud specif guarante provid order ensur time restructur plan carri full essenti french author grant aid element plan includ reduct staff cost definit implement aid paid keep timet plan grant sfp disburs fund purpos envisag aid deem excess decis head assess restructur aid commiss acknowledg firm receiv aid repres substanti sum approv restructur aid understood aid concern decis aid measur save event unforese except circumst take place firm grant sfp activ recent applic principl refer made condit favour commiss decis octob thomson sa thomson multimedia case french author favour sfp directli indirectli public televis channel compel channel place order sfp detail report commiss long establish polici regard restructur plan regard amount aid import implement plan correctli implement monitor commiss submiss french author biannual report conclus aid contain sfp restructur plan novemb form industri restructur aid total frf million financi restructur aid frf million constitut aid mean articl ec treati articl eea agreement aid regard compat common market articl ec treati articl eea agreement subject complianc french author condit set decis adopt decis articl aid franc contain restructur plan novemb société français de product form industri restructur aid frf million ecu million financi restructur aid frf million ecu million compat common market articl ec treati articl eea agreement provid franc compli condit set articl articl prior aid payment franc give commiss undertak restructur plan includ reduct staff timet reduct definit confirm aid paid plan implement aid question aid sfp aid grant futur save except unforese circumst occur firm french author submit commiss detail report implement plan month januari end french author favour sfp directli indirectli public televis channel oblig channel place order sfp articl decis address french republ brussel januari commiss karel van miert member commiss oj footnot ecu frf oj govern capit inject bulletin ec point criteria distinguish capit contribut involv aid involv aid oj ecr paragraph oj