Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Hotel / Restaurants
Accommodation And Food Service Activities
Food And Beverage Service Activities
56.2 - Event catering and other food service activities

700 jobs
Number of planned job losses
Job loss
Announcement Date
9 November 2012
Employment effect (start)
1 November 2012
Foreseen end date
11 May 2014

Description

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.


Sources

  • 9 November 2012: Les Echos
  • 8 November 2012: Les Echos

Citation

Eurofound (2012), Sodexo, Internal restructuring in World, factsheet number 74473, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74473.