Overview

• Judges call urgent structural reforms unavoidable, pressing for a swift renegotiation of the 2013 collective agreement to curb personnel costs and increase flexibility.
• The report notes severe liquidity erosion and a roughly 40% drop in shareholders’ equity over eight years alongside the 2025 budget deficit.
• Cuts to public funding exceeding €110 million from 2018 to 2022 and inconsistent state guidance are blamed, with a demand for a realistic multi‑year financing path and more regional synergies.
• Concrete cost issues are highlighted, including about €4 million spent on taxis in 2024 and some fifty executive company cars.
• President Delphine Ernotte says the group accepts the recommendations and has started implementing them as political scrutiny, including privatization calls, intensifies pressure on the government.