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.
Hilton Worldwide, the multi-national hospitality company based in the USA, will create more than 8500 jobs in Europe (including Turkey and Russia).
Hilton Worldwide is currently developing more than 110 hotels in the region, focusing on strategic growth markets: the UK, Germany, Poland, Russia and Turkey. The company says that an additional 2500 jobs will be safeguarded when existing hotels are converted to Hilton Worldwide brands.
In the UK, 1500 new jobs will be created, with the first new hotel opening in the last quarter of 2011. 400 new positions will open up in Germany and 750 are to be filled in Poland. In Russia, 3000 new roles will be created, while 800 will become available in Turkey.
The corporation has announced its support for schemes to bridge youth unemployment - for instance, engaging with the UK government's Get Britain Working campaign.
Eurofound (2011), Hilton Worldwide, Business expansion in World, factsheet number 72782, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72782.