Elior France is Launching a Plan to Protect Its Business & Industry Contract Catering Activity

Torri Donley

Regulatory News: 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 […]

Regulatory News:

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.

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