Elior France (Paris:ELIOR):
Today, at an extraordinary meeting of its Works Council, Elior France announced its intention to launch a job protection plan in its Business & Industry contract catering activity.
While the health and economic crisis caused by Covid-19 has had major impacts on the Education and Healthcare markets, these impacts directly reflect the current situation, whereas in the Business
& Industry market of the contract catering industry, the crisis has amplified much deeper structural changes that were already happening pre-Covid. For many months now, daily volumes in both
the commercial and industrial sectors have been dropping drastically while also fluctuating sharply. This has mainly been due to a faster pace of change in the way people work, such as a lasting
increase in remote working, currently estimated at over two days per week compared with less than one day per week a year ago. In addition, the reduction in business activity experienced by many
clients – leading to site closures in some cases – has had a direct, immediate, and lasting economic impact on Elior France’s activities in the Business & Industry market.