Selecta reduces staff and vending machines
The Chamer catering group Selecta is expecting a 20 percent drop in sales due to the home office trend, writes the Handelszeitung. And is therefore realigning its business.
According to investor documents, 11,000 vending machines will be dismantled this year and 60,000 next year - a drop of almost 20 percent. This is how the bosses want to increase the capacity utilization of the machine park in Europe.
Also with regard to personnel, the Handelszeitung according to the company. An investor presentation states: "Restructuring of the workforce in all countries". The "internal perimeters" would be aligned with a 20 percent drop in sales. Among the employees, it is assumed that this could be the paraphrase for a job reduction of up to 15 percent. Selecta employs 10,000 people in 16 European countries.
A ray of hope: Selecta's owner, the US investment firm KKR, decided to inject a further 130 million Swiss francs into the company for restructuring. This means that the Americans have so far invested around 700 million in the Cham-based company. The company does not comment on questions.
