The giant French hospitality has announced a savings plan, after a significant loss in the first half because of the health crisis linked to the sars coronavirus.
This is another group impacted by the sars coronavirus. The giant French hotel Accor has announced a savings plan that will result in the removal of 1000 jobs in the world, out of a total of 18 000, after a significant loss in the first half because of the health crisis.
The group, which includes brands such as Ibis, Sofitel, Novotel, Mercure or Pullman, and had been forced to close for several months a large part of its hotels in the world in the wake of the pandemic Covid-19, will put in place a savings plan is aiming to reduce its recurring costs by € 200 million by 2022, according to a press release.
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"It is difficult" to make a plan of savings "in a business around your men without having an effect around the staff," said the deputy director general of the group, Jean-Jacques Morin, during a press conference call. "1000 people are going to have to reposition, we are going to help them," he added, referring in particular to the implementation of training. These job cuts are going to "touch all entities of the group", specified the deputy director, for which it is still too early to give any geographical indications.
A net loss of 1.5 billion euros in the first half
According to results published at the same time Tuesday, the sixth hotel group, the world has swung into the red in the first half with a net loss of 1.5 billion euros mainly due to write-downs of the value of some of its assets due to the pandemic. It had made a profit of 141 million euros on the same period last year.
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As for the turnover of the group, it has been divided by two, to 917 million euros. "The poor performance of the first half-year reflect the extraordinary environment related to the crisis of the sars coronavirus", commented Jean-Jacques Morin. Despite this difficult context, the group opened 86 hotels, representing 12,000 rooms, over the first half, he said. This brings the hotel park world 747 805 rooms in 5099 hotels.