Econostrum | Economic News in the Mediterranean

Sodexo to eliminate more than 2,000 net positions in France

Written by Frédéric Dubessy on Wednesday, October 28th 2020 à 12:15 | Read 355 times

The world's second largest Foodservices provider launches a job protection plan (photo: Sodexo).
The world's second largest Foodservices provider launches a job protection plan (photo: Sodexo).
FRANCE. Sodexo announced on the evening of Tuesday, October 27, 2020, a draft job protection plan "to adapt to its rapidly changing business sector and to meet long-term structural challenges," according to a press release.

The plan "would entail the net elimination of 2,083 positions, or less than 7% of the workforce, primarily in the Business Services segment, as part of a process of information and consultation with employee representatives and in the Foodservices segment," the text states. At the same time, Sodexo will develop a plan to support employee mobility on a voluntary basis, broadening the choices available to employees in all the Group's other activities in France. More than 600 positions will be available in France.

The plan provides for the development of offers and the adaptation of production and operating models to new trends in teleworking and meal delivery.

The world's second largest foodservice provider - and the world's nineteenth-largest private employer, present in 67 countries with 470,000 employees - must absorb the Covid-19 crisis. The economic consequences of the pandemic strongly impact its activity in companies, schools, universities, but also in event activities. After a turnover of €21.95 billion for the fiscal year 2018/2019 (ending August 31, 2019) up 7.6%, the group posted a 29.9% drop in its activity in the third quarter 2019-2020 to €3.91 billion (compared to €5.68 billion in 2018-2019 over the same period).


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