As part of the proposed merger with Switzerland-based Holcim Ltd., Lafarge has presented a reorganization plan to employees, which would result in 380 job losses worldwide (166 in France). However, overall the new organization would employ approximately 115,000 people. According to a press release:
The organization of the new Group would be balanced between a decentralized structure and strong central functions based on three organizational levels:
- regions (Europe, North America, Middle East & Africa, Latin America, Asia-Pacific),
- and corporate functions, which will help define the Group’s key strategies.
... This procedure is a key phase in the preparation of the creation of the new LafargeHolcim Group. The completion of the proposed merger is expected to occur in July 2015. Before this can happen, the public exchange offer will have to be successful, with shareholders tendering at least two-thirds of Lafarge shares.