LILLE, France, March 24 The CFDT trade union
announced on Monday it would back the restructuring plan put
forward by loss-making French mail order group La Redoute, a
move that may allow a buyout from owner Kering to go
Kering had said a rejection of the deal and its accompanying
severance packages for some employees, already signed by the
CFE-CGC union, would prevent completion of the proposed sale to
La Redoute's chief executive Nathalie Balla and Eric Courteille
for a symbolic 1 euro.
The CFDT, along with other unions the CGT and Sud, last week
refused to back the deal by a Friday deadline set by the
Kering had no comment.
(Reporting by Andrew Callus; Editing by Maya Nikolaeva)