The AccorInvest group plans to cut nearly 1,900 jobs, including 770 in France

The headquarters of the Accor group in Paris on January 8, 2021. AP - Thibault Camus

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The AccorInvest group, a heavyweight in the sector and main operator of hotels under the Accor brand, plans to cut nearly 1,900 jobs in Europe, or 10% of its workforce, 


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After months of discussions, the management of AccorInvest presented a reorganization project.

The European group owns 900 hotels in around 30 countries.

But faced with

the health and economic crisis

which has put the tourism sector to a halt, it is a question of keeping your head above water: 1,880 employees will have to leave the company. 

The most severe cuts would affect the United Kingdom and, to a lesser extent, Hungary, Portugal, the Netherlands and Poland.

In France, 770 jobs would be threatened among floor staff, catering and administration, as well as in the design, construction and technical department, said a spokesperson for the group and the FO unions. and CGT.

Admittedly, in France, the measures in force, and in particular that of partial unemployment, have mitigated the effects of the crisis.

But across the group, the accounts are in the red.

In 2020, the turnover fell by 70% and the group began to burn its cash.  

Financial restructuring is taking shape.

With a loan project guaranteed by the State of 477 million euros and a capital increase of the same order.


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