French food services and facilities management group Sodexo announced plans to eliminate more than 1,000 positions in France as part of a restructuring initiative aimed at accelerating growth and improving competitiveness.
The company said it would cut 963 roles, representing about 4% of its French workforce, as part of a broader restructuring effort. An additional 134 job losses are tied to separate projects connected to the group’s head office operations, bringing the total to over 1,000 positions affected.
Sodexo, listed on Euronext Paris under the ticker EXHO, did not specify a timeline for the reductions. The restructuring follows a period of operational challenges in its core markets, including France, where inflationary pressures and labor cost increases have weighed on profitability.
The group, which provides food services to corporate, healthcare, education and government clients, has emphasized that the measures are designed to streamline operations and enhance long-term financial performance. No financial guidance was revised in conjunction with the announcement.
