<p>France's Accor, the world's sixth-largest hotel chain, said Tuesday it was slashing 1,000 jobs worldwide in a major cost-cutting plan accelerated by the effects of the coronavirus pandemic.</p>.<p>The group, which runs high-end chains such as Raffles and Sofitel and budget brands like Ibis, plans to cut costs by 200 million euros by 2022.</p>.<p>The pandemic has led to the closure of several Accor hotels around the world and 1,000 of the group's 18,000 employees will lose their jobs, Financial Chief Jean-Jacques Morin said.</p>.<p>"It is difficult to implement cost-saving measures in our industry without it having an effect on staff," Morin said in a telephone interview.</p>.<p>"We will help them," he said, of the 1,000 people to be laid off.</p>.<p>Accor posted half-year net losses of 1.5 billion euros ($ 1.7 billion) against profits of 141 million euros during the same period last year.</p>.<p>Turnover plunged to 917 million euros.</p>.<p>"The bad half-year results reflect the extraordinary environment linked to the coronavirus crisis," Morin said.</p>.<p>"The shock that our industry is experiencing is both violent and unprecedented," Accor Chief Executive Officer Sebastien Bazin said.</p>.<p>"The peak of the crisis is undoubtedly behind us, but the recovery will be gradual. Having taken these emergency steps, we must now finish the job from an asset-light model to a full asset-light company."</p>
<p>France's Accor, the world's sixth-largest hotel chain, said Tuesday it was slashing 1,000 jobs worldwide in a major cost-cutting plan accelerated by the effects of the coronavirus pandemic.</p>.<p>The group, which runs high-end chains such as Raffles and Sofitel and budget brands like Ibis, plans to cut costs by 200 million euros by 2022.</p>.<p>The pandemic has led to the closure of several Accor hotels around the world and 1,000 of the group's 18,000 employees will lose their jobs, Financial Chief Jean-Jacques Morin said.</p>.<p>"It is difficult to implement cost-saving measures in our industry without it having an effect on staff," Morin said in a telephone interview.</p>.<p>"We will help them," he said, of the 1,000 people to be laid off.</p>.<p>Accor posted half-year net losses of 1.5 billion euros ($ 1.7 billion) against profits of 141 million euros during the same period last year.</p>.<p>Turnover plunged to 917 million euros.</p>.<p>"The bad half-year results reflect the extraordinary environment linked to the coronavirus crisis," Morin said.</p>.<p>"The shock that our industry is experiencing is both violent and unprecedented," Accor Chief Executive Officer Sebastien Bazin said.</p>.<p>"The peak of the crisis is undoubtedly behind us, but the recovery will be gradual. Having taken these emergency steps, we must now finish the job from an asset-light model to a full asset-light company."</p>