Accor is Studying a Voluntary Separation Plan to Adjust its Headquarters Staff
30 Juin 2009 - 7:39PM
PR Newswire (US)
PARIS, June 30 /PRNewswire-FirstCall/ -- To strengthen its action
plan, which calls for a 15% reduction in support costs, Accor is
considering a voluntary separation plan in France intended to
adjust its headquarters staff. Based entirely on voluntary
departures, the two-part plan would concern around 230 positions in
France at Group head offices and Hotellerie France head offices,
which currently have a combined total of approximately 2,300
employees. The hotel business continues to be impacted by the
effects of an unprecedented worldwide crisis that led to a decline
in first-quarter 2009 business and shows no prospects for
improvement in the short term. Even though Accor has demonstrated
firmer resistance than its rivals, thanks to the strategy deployed
over the past three years, the Group decided in fall 2008 to launch
a major action plan to maintain its competitiveness. The plan
involves cuts in operating costs for owned and leased hotels
(EUR120 million), in renovation spending (EUR170 million in 2009),
in hotel development expenditure (a reduction of EUR100 million
beginning in 2010) and in support costs. Targeted reductions in
support costs have been gradually increased from EUR75 million to
EUR125 million, or 15% of the total support costs. Savings are
based in particular on organizational efficiencies. An agreement
establishing the framework for negotiations has been signed with
employee representatives for both of the legal entities. The exact
terms of the support measures for people who want to take advantage
of the voluntary separation plan will be announced once
negotiations with employee representatives have been completed.
Accor, a major global group and the European leader in hotels, as
well as the global leader in services to corporate clients and
public institutions, operates in nearly 100 countries with 150,000
employees. It offers to its clients over 40 years of expertise in
two core businesses: - Hotels, with the Sofitel, Pullman, MGallery,
Novotel, Mercure, Suitehotel, Ibis, all seasons, Etap Hotel,
Formule 1 and Motel 6 brands, representing 4,000 hotels and nearly
500,000 rooms in 90 countries, as well as strategically related
activities, such as Lenotre; - Services, with 32 million people in
40 countries benefiting from Accor Services products in employee
and public benefits, rewards and motivation, and expense
management. DATASOURCE: Accor CONTACT: Contacts: Armelle
Volkringer, Directeur de la communication, des relations
exterieures et du developpement durable, Tel: +33(0)1-45-38-87-52;
Alain Delrieu, Tel: +33(0)1-45-38-84-85; Aurelie Langevin, Tel:
+33(0)1-45-38-84-76
Copyright