Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2020), Comwell Hotels, Internal restructuring in Denmark, factsheet number 100378, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100378.