August 4, 2020

French hotel group Accor to cut 1,000 jobs

Paris (AFP) – France’s Accor, the world’s sixth largest hotel chain, said Tuesday it was slashing 1,000 jobs worldwide in a major cost cutting plan accelerated by the effects of the coronavirus pandemic.The group, which runs high-end chains such as Raffles and Sofitel and budget brands like Ibis, plans to cut costs by 200 million euros by 2022.The pandemic has led to the closure of several Accor hotels around the world and 1,000 of the group’s 18,000 employees will lose their jobs, Financial Chief Jean-Jacques Morin said.”It is difficult to implement cost saving measures in our industry withou…


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