Accor is Studying a Voluntary Separation Plan to Adjust its Headquarters Staff

PARIS, June 30 /PRNewswire-FirstCall/ -- To strengthen its action plan,
which calls for a 15% reduction in support costs, Accor is considering a
voluntary separation plan in France intended to adjust its headquarters staff.
Based entirely on voluntary departures, the two-part plan would concern
around 230 positions in France at Group head offices and Hotellerie France
head offices, which currently have a combined total of approximately 2,300
employees.
The hotel business continues to be impacted by the effects of an
unprecedented worldwide crisis that led to a decline in first-quarter 2009
business and shows no prospects for improvement in the short term.
Even though Accor has demonstrated firmer resistance than its rivals,
thanks to the strategy deployed over the past three years, the Group decided
in fall 2008 to launch a major action plan to maintain its competitiveness.
The plan involves cuts in operating costs for owned and leased hotels (EUR120
million), in renovation spending (EUR170 million in 2009), in hotel
development expenditure (a reduction of EUR100 million beginning in 2010) and
in support costs. Targeted reductions in support costs have been gradually
increased from EUR75 million to EUR125 million, or 15% of the total support
costs. Savings are based in particular on organizational efficiencies.
An agreement establishing the framework for negotiations has been signed
with employee representatives for both of the legal entities.
The exact terms of the support measures for people who want to take
advantage of the voluntary separation plan will be announced once
negotiations with employee representatives have been completed.
Accor, a major global group and the European leader in hotels, as well as
the global leader in services to corporate clients and public institutions,
operates in nearly 100 countries with 150,000 employees. It offers to its
clients over 40 years of expertise in two core businesses:
- Hotels, with the Sofitel, Pullman, MGallery, Novotel, Mercure,
Suitehotel, Ibis, all seasons, Etap Hotel, Formule 1 and Motel 6
brands, representing 4,000 hotels and nearly 500,000 rooms in 90
countries, as well as strategically related activities, such as
Lenotre;
- Services, with 32 million people in 40 countries benefiting from Accor
Services products in employee and public benefits, rewards and
motivation, and expense management.

SOURCE Accor

Contacts: Armelle Volkringer, Directeur de la communication, des relations
exterieures et du developpement durable, Tel: +33(0)1-45-38-87-52; Alain
Delrieu, Tel: +33(0)1-45-38-84-85; Aurelie Langevin, Tel: +33(0)1-45-38-84-76