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.
Hotel / Restaurants Accommodation And Food Service Activities Food And Beverage Service Activities 56.29 - Other food service activities
1,000 - 1,500 jobs Number of planned job losses
Announcement Date
3 December 2020
Employment effect (start)
1 January 2021
Foreseen end date
Description
The British contract catering group Compass has announced between 1,000 and 1,500 jobs in France as part of a worldwide reorganisation.
The group plans to cut around 0.5% of its workforce, mainly in Europe, in response to weakness in certain key markets such as Germany, France and the UK. According to management, the total number of job cuts will not exceed 4,000 out of a total workforce of 600,000 worldwide. In France, the job cuts will be carried out through a voluntary departure plan, without forced redundancies.
The whole sector has been hit hard by the pandemic, which has led to a surge in teleworking and a drop in demand for collective catering within companies. Sodexo, a major competitor of Compass, has already announced a plan to cut more than 2,000 jobs in France and the other competitor Elior is going to cut 1,888 positions. A former reorganisation at Compass France was recorded in 2009, with 128 job cuts.
Eurofound (2020), Compass, Internal restructuring in France, factsheet number 102730, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102730.
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