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
172 - 183 jobs Number of planned job losses
Announcement Date
18 July 2022
Employment effect (start)
Foreseen end date
Description
Noorus SPA Hotel, located in the resort town of Narva-Jõesuu, Estonia, announced a reduction of its workforce. The initial collective dismissal notification has been submitted to the Estonian Unemployment Insurance Fund covering 172 employees. The reason for collective dismissal is a sharp increase in energy prices - both electricity and heating.
Consultations and negotiations will follow, which could result in a different number of dismissals. Moreover, the management board member of the expressed that it might be possible to avoid the dismissals if the state provides aid for the company or the economic situation improves. The start and end date of the dimissals is not currently available.
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.
