EMCC European Monitoring Centre on Change

Eurest

Company/Organisation:
Eurest

Geographic Location

Country: Germany

Company

Sector: Hotel / restaurants
Accomodation and food service activities
56.2 - Event catering and other food service activities
Number Employed: 6000
Group: Compass Deutschland

Employment Effects

Announcement Date: 10-11-2019
Planned Job Reductions min: 500
Planned Job Reductions max: 500
Type of Restructuring: Internal restructuring
Employment Effect Start: 15-11-2019
Foreseen End Date: 31-12-2021

Additional Information

Eurest, a leading caterer with 450 chain stores in Germany, announced 500 job cuts out of a total 6,000 jobs in Germany. The cuts will affect stores, administration, and the management. The company argues that for staying competitive it will slimline its current businesses an, at the same time, upgrade the style of its stores and services. The restructuring and job cuts programme shall last until 2021. A social plan has been settled with the works council. An unknown number of jobs will be cut via natural fluctuation and early retirement, the remaining ones by direct dismissals.      

The Compass Group provides services to most of the listed DAC-corporations.  

Sources: