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.
Accommodation / Food 55 - Accommodation 55.1 - Hotels and similar accommodation 55.1 - Hotels and similar accommodation
800 jobs Number of planned job losses
Announcement Date
25 April 2003
Employment effect (start)
Foreseen end date
Description
Intercontinental, the hotel group recently demerged from Six Continents leisure conglomerate, yesterday announced plans to cut 800 jobs, which it hopes
will go half way to meeting one of its main cost-cutting pledges.In this time,150 people having already left the company.
Sources
25 April 2003: Les Echos
25 April 2003: The Guardian
Citation
Eurofound (2003), Intercontinental Hotel Group, Internal restructuring in United Kingdom, factsheet number 59213, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59213.