BUSINESS NEWS - Multi-billion pound catering group Compass has announced plans to cut around 3,000 jobs, including hundreds in the UK.
The FTSE 100 constituent's market cap fell around £1.8bn, but CEO Dominic Blakemore argued it remained 'another strong year' for the company.
is the largest contract foodservice company in the world. Compass Group has operations in about 50 countries and employs over 550,000 people. It serves around 5.5 billion meals a year in locations including offices and factories, schools, universities, hospitals, major sports and cultural venues, mining camps, correctional facilities and offshore oil platforms.
Compass Group's major competitors include Aramark and Sodexo.
ABC Note: 5.5 billion is the number of meals served per year.
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