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.
French multinational food catering company Sodexo announced plans to cut around 700 posts until the end of 2013, out of a total of 420,000 employees worldwide. These job cuts come in the context of a cost saving plan to achieve a consolidated operating margin of 6.3% at the end of fiscal 2014-2015.
It is reported that Sodexo has already reduced its workforce by around 700 posts in 2012.
Eurofound (2012), Sodexo, Internal restructuring in World, factsheet number 74473, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74473.