Vivendi’s Canal+ Plans Job Cuts as Netflix Competition Bites

French pay-television company Canal+ plans to announce job cuts next week, according to a union official, as it comes under growing commercial pressure from U.S. streaming giant Netflix Inc.

Employee representatives at the company, a unit of Vivendi SA, received a letter asking them to attend a meeting Tuesday about an internal reorganization of its French operations that will include “voluntary job cuts,” said Laurent d’Auria, who represents the +Libres union.