Type
Internal restructuring
Country
Germany
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

500 jobs
Number of planned job losses
Job loss
Announcement Date
10 November 2019
Employment effect (start)
15 November 2019
Foreseen end date
31 December 2021

Description

Eurest, a leading caterer with 450 chain stores in Germany, announced 500 job cuts out of a total 6,000 jobs in Germany. The cuts will affect stores, administration, and the management. The company argues that for staying competitive it will slimline its current businesses an, at the same time, upgrade the style of its stores and services. The restructuring and job cuts programme shall last until 2021. A social plan has been settled with the works council. An unknown number of jobs will be cut via natural fluctuation and early retirement, the remaining ones by direct dismissals.      

The Compass Group provides services to most of the listed DAC-corporations.  


Sources

Citation

Eurofound (2019), Eurest, Internal restructuring in Germany, factsheet number 99062, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99062.