social plans are multiplying

AccorInvest in turn cuts 1,880 jobs. Large groups are preparing for a slow recovery.

Faced with a lasting crisis, hotel groups are increasing their social plans. The most important of them, AccorInvest (a 30% subsidiary of Accor and owner of 900 hotels in Europe), has just announced a plan to cut 1,880 jobs in Europe, including 770 in France. “We do not expect a return to normal before 2024, recognizes Gilles Clavié, its managing director. A third of our clientele is international and 60% business. It will come back gradually. Despite the aid mechanisms of the various governments, we must adjust our structure. ”

In 2020, turnover fell by 70%. Under an ad hoc mandate, AccorInvest requested at the beginning of October a State guaranteed loan (PGE) of 470 million euros, which it is still awaiting. A capital increase of the same magnitude – subscribed by its shareholders – would also be a matter of weeks.

“AccorInvest will cut around 10% of jobs, notes Gilles d’Arondel, secretary of the FO Accor union. We are

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