The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Hotel / Restaurants Accommodation And Food Service Activities Accommodation 55.10 - Hotels and similar accommodation
250 jobs Number of planned job losses
Announcement Date
23 March 2020
Employment effect (start)
24 March 2020
Foreseen end date
Description
Danish hotel chain Comwell that the company will have to dismiss 250 employees due to the COVID-19 crisis, which is almost a fourth of the workforce. According to the CEO, the government's emergency package including pay compensation for employees on temporary lay-off will not be enough to compensate for the losses. The chain last week closed more than half of its 15 hotels in Denmark, which corresponds to a 90% turnover loss in less than two weeks. The CEO hopes that Comwell will be able to reemploy the employees made redundant once the emergency is over.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
