The redundancies, the most senior of Compass Group is headquartered in Chertsey, England, but operates across the globe, and with a revenue of £25 billion, is a member of the FTSE 100. 21,000 Compass staff are currently furloughed on the Coronavirus Job Retention Scheme, meaning the company could have benefitted from of £20 million from the new bonus. The company today reported the âinvaluable roleâ of their team in the efforts in NHS hospitals and critical services up and down the country. It stressed that no-one had yet been made redundant. It has also re-evaluated its staffing levels, and redundancies will result in annual savings of £280m. The group said that it was talking with certain individuals about the possibility of redundancy, transfer to another division, or applying for another job within the company. Late last year Compass made some job cuts at Quadrant Catering, its joint venture with the Post Office. Compass Group, the UKâs largest food and support services company, is announcing new measures to recognise the efforts of its colleagues and support its communities during this crisis. The company added: âWe continue to monitor the situation closely and will provide a further update with our â¦ Compass Group said that the increasingly tighter restrictions on travel and social gatherings are expected to cost them from 25 per cent to 30 per cent of its revenue. The change, overseen by HR director Robin Mills who joined from Woolworths last year, is designed to reduce duplication and has resulted in a number of redundancies. Worried workers. Markets Hub - Compass Group T his year has seen a slew of job cuts in the banking sector. Compass runs canteens around the world. ESS, which is part of the multi-million pound Compass Group, has been accused of using the Covid-19 pandemic to âstealâ the working weeks and cut the pay of outsourced workers on Ministry of Defence contracts. Compass Group has restructured its HR function in an effort to improve its support of individual units and frontline catering staff, Caterersearch can reveal. News Latest COVID-19 UK Staff Cuts: A Firm-By-Firm Guide As of this month, 25 firms have made or are making redundancies as a result of the pandemic disruption. Compass Group, the UKâs largest food and support services company, has confirmed that it will not be taking up Job Retention Bonuses for any of its employees. COMPASS Group, the beleaguered contract caterer, has made 200 of its top management redundant as part of the £50 million cost-cutting programme announced in May. (Nicolas Tucat/AFP via Getty Images) Compass Group (), the worldâs biggest catering firm, on Tuesday became the latest major company to warn coronavirus will impact its business.Compass said the closure of offices and schools and the cancellation of sports events across Europe and North America would lead to lower revenues and â¦ The resizing efforts and previously announced cost actions cost Compass £197m this year.
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