LILLE, France, March 24 (Reuters) - 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 ahead.
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 company.
Kering had no comment.
Reporting by Andrew Callus; Editing by Maya Nikolaeva