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.
Aqua Hotels is a private limited company that was formed to establish a spa-type hotel water park. The company will establish a spa complex with swimming pool in Rakvere and create 100 jobs for administrators, waiters and waitresses, coaches, lifeguards as well as for cooks, cleaners, massage therapists, hairdressers etc. Aqua Hotels will cooperate with the regional office of the Labour Market Board to find qualified workforce. The Labour Market Board will organise a course including different modules of services for potential workers. The course will not guarantee a working place in Aqua Hotels but give participants an advantage over other candidates at the job interviews. At the same time the participants are free to choose other jobs. The course is free for those unemployed that are registered in the Labour Market Board, but the number of participants is limited to 35 - 40. The contract prescribes opening on 1 January 2008, the personnel will start working a couple of months earlier and the company will start hiring in the summer of 2007.
Eurofound (2007), Aqua Hotels, Business expansion in Estonia, factsheet number 64724, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64724.