Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The catering giant Elior has announced a plan to cut 1,888 jobs in its corporate catering business. This activity is being adversely affected by the development of teleworking in large companies, in which Elior provides catering services for employees. The Employment safeguard plan (PSE) will affect 1,260 catering sites operated by its subsidiaries Elior Entreprises and Arpège, which represents the high-end segment. As far as possible, the catering group will 'offer redeployment to the employees concerned' to other businesses located in France. More than 1,000 positions will potentially be available in the coming year', said the managing director of the corporate business within Elior France. Elior's corporate catering branch has seen its business shrink by 45% compared with last year due to the health crisis.
Eurofound (2020), Elior, Internal restructuring in France, factsheet number 102418, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102418.