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 56.2 - Event catering and other food service activities
1,200 - 1,500 jobs Number of planned job losses
Announcement Date
19 November 2015
Employment effect (start)
1 December 2015
Foreseen end date
30 June 2017
Description
The French multinational food catering company Sodexo announced plans to cut around 1,200 to 1,500 jons in the next 18 months out of a total of 420,000 employees worldwide. These job cuts come in the context of a cost saving plan to save €200 million at the end of fiscal 2017-2018. It is reported that Sodexo has already reduced its workforce by around 700 posts in 2012. Job cuts were recently announced in the UK, in March 2015 (700 job cuts) and in Norway (50 job cuts).
Sources
19 November 2015: Le Figaro
19 November 2015: Le Soir
Citation
Eurofound (2015), Sodexo, Internal restructuring in World, factsheet number 85544, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85544.
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