The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Sodexo Launches €30 Million Employee Relief Program, Funded By Senior Executives

Sodexo Launches €30 Million Employee Relief Program, Funded By Senior Executives
02 April 2020
 

Food services and FM company Sodexo is establishing a €30 million relief fund, funded by the company and senior executives.

The official company press release says:

“Despite all our efforts, we know that this once-in-a-lifetime crisis currently confronting us will regrettably result in a reduction in our workforce and for this reason we have decided to establish a global Sodexo Employee Relief Program to help on-site staff impacted by this.”

The global program will be administered locally according to the specific needs of each country and support provided will depend on various factors, including the existence of government social protection schemes.

“We want to support our employees through these extraordinary times and we are clear in our commitment to this. The new Sodexo Employee Relief Program will be used to do just that – support those who are most affected by the COVID-19 crisis. It is the right thing to do.”

–Sean Haley

Regional Chair, Sodexo UK & Ireland 

This €30 million program will be funded by senior executives and the company as follows:

 

  • Sodexo Chairwoman of the Board of Directors Sophie Bellon will waive 50% of her remuneration over the coming six months (The Chairwoman does not receive any annual variable compensation)
  • Group CEO Denis Machuel will waive 50% of his fixed remuneration over the next six months as well as his variable remuneration for Fiscal 2020
  • Group Executive Committee members will give up 10% of their fixed remuneration over the coming six months as well as their annual variable remuneration
  • The 200 senior executives from all segments and operations around the world will also waive their annual variable remuneration

 

Initial COVID-19 response

 

Since the initial COVID-19 outbreak in China in December 2019, Sodexo began mobilising its resources to ensure its consumers stay safe and healthy and that its business continues to operate for its clients.

The company has reacted in the following ways:

 

  • The 95,000 Sodexo employees working in hospitals, senior residences and in areas of public administration under strain, are fully mobilised and have been supported by additional team members from sites with lower activity
  • In China, with strongly reinforced health measures, Sodexo staff were on the front line to support healthcare professionals and patients in the hospitals of Wuhan.
  • Whenever possible, Sodexo has reassigned their people whose workplaces have closed to other sites urgently requiring additional team members
  • To date, almost 4,000 employees, primarily in North America and in Europe, have been reassigned to hospitals and retirement homes, which urgently required additional staff
  • Sodexo is working proactively with other business sectors like retailers, e-commerce and manufacturing firms to find jobs for our employees hit by the COVID-19 economic fallout, who cannot be placed with other clients

 

Mindful of the difficulties encountered by its suppliers, Sodexo has also adopted support measures, including amending payment deadlines, logistics chain support, and adaptation of orders (volumes, consumption dates, etc). They have also implemented agile financing solutions, in particular for SMEs and local suppliers.

Sodexo Chairwoman of the Board of Directors, Sophie Bellon said:

“Our teams are our most precious asset. In adversity, they demonstrate the strength of our values ​​and their professionalism without fail. I want to highlight my support and express my gratitude to them during these particularly difficult times.”

Picture: Food services and FM company Sodexo is establishing a €30 million relief fund, funded by the company and senior executives.

Article written by Ella Tansley | Published 02 April 2020

Share



Related Articles

Sodexo Adds Extra 40 COVID Testing Units

Sodexo has added 40 mobile testing units to its existing portfolio of COVID-19 testing sites across the UK. The global services provider is now responsible for a total...

 Read Full Article
Sodexo Announces New Medical Advisory Council

The council will support the development of new protocols and standards, including COVID-19 related services delivered worldwide. Sodexo has announced a...

 Read Full Article
Sodexo Signs Up To C-19 Business Pledge

Sodexo has signed the C-19 Business Pledge, a national scheme encouraging employers to join the Coronavirus effort by pledging to help their employees, customers and...

 Read Full Article
Compass Group Recognises The Critical Role Of Its Front Line Employees

Compass Group, the UK’s largest food and support services company, is announcing new measures to recognise the efforts of its colleagues and support its communities...

 Read Full Article
Confusion over “essential workplaces” for FMs

Last night (23 March), Prime Minister Boris Johnson announced a series of new restrictions to fight the Coronavirus outbreak. But this has left the facilities management...

 Read Full Article
Coronavirus Goodwill Stories From FM

With COVID-19 causing unprecedented disruption to planned events, facilities management companies are donating potentially wasted items to those in need at this difficult...

 Read Full Article
COVID-19 Contingency Planning Guide For Facilities Managers

After the government unveiled its Coronavirus action plan, following a growing number of cases in the UK, it’s more important than ever that the FM sector continues...

 Read Full Article
Contractual Disputes – How to Deal with COVID-19 Litigation 

As the UK goes in and out of lockdown, the legal system is braced for a sharp increase in contractual disputes. So much so, that the Cabinet Office has expressed concern,...

 Read Full Article
HSE COVID-Secure Spot Checks Continue Throughout UK

As Greater Manchester and South Yorkshire move into tier three of lockdown, the Health and Safety Executive will continue to operate safety inspections to check for...

 Read Full Article
What Does Tier Three Lockdown for Manchester Actually Mean?

As Greater Manchester moves into the highest tier of lockdown restrictions, we look at what this actually means for residents and businesses. Manchester will move to a...

 Read Full Article