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.
Macdonald Hotels, the British hospitality company has announced plans to cut up 1,800 jobs in all areas of the business to compensate for the loss of revenue caused by the COVID-19 crisis.
A representative of the company said there was 'no realistic prospect' of normal trading in the coming months and the job cuts were necessary to ensure the sustainability of the business. Scotland’s First Minister said that the Scottish Government had offered support to Macdonald Hotels through its Partnership Action for Continuing Employment (PACE) initiative.
Macdonald Hotels owns a chain of 31 luxury hotels across the UK and employs about 2,200 people.
Eurofound (2020), Macdonald Hotels, Internal restructuring in United Kingdom, factsheet number 101308, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101308.