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
10 December 2020
Employment effect (start)
Foreseen end date
Description
The Royal Garden Hotel, located in central London, has announced that more than 250 jobs will be made redundant, as the hotel, which is currently closed because of the COVID-19 pandemic, will not reopen until January 2022 at the earliest.
The general manager of the hotel said the hospitality industry was facing ‘an extremely difficult time’ due to the COVID-19 crisis.
The Royal Garden hotel is the largest independently owned five-star hotel in London. It opened in 1965 and it was refurbished for the 2012 London Olympics. The hotel’s famous Min Jiang restaurant will remain open during the closure.
10 December 2020: The Hotel Property Team (thpt.co.uk)
Citation
Eurofound (2020), Royal Garden Hotel, Closure in United Kingdom, factsheet number 102936, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102936.
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.
