Ac­cor to cut 1,000 jobs in €200m cost-sav­ing plan

The Daily Telegraph - Business - - Business -

Ac­cor, Europe’s big­gest ho­tel group, has an­nounced plans to lay off 1,000 staff as part of a €200m (£180m) cost-sav­ing plan. It came as lock­down mea­sures and bor­der clo­sures to tackle the coro­n­avirus pan­demic weighed on its first-half re­sults. Rev­enue fell by 52pc to €917m. In the UK, “revpar” tum­bled 64.8pc in Lon­don, and 63.5pc in the rest of the coun­try.

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