Type
Merger/Acquisition
Country
United Kingdom
Region
Location of affected unit(s)
Gatwick, Luton, Swindon
Sector
Hotel / Restaurants
Accommodation And Food Service Activities
Accommodation
55.1 - Hotels and similar accommodation

155 jobs
Number of planned job losses
Job loss
Announcement Date
29 November 2013
Employment effect (start)
29 November 2013
Foreseen end date
2 December 2013

Description

Menzies Hotel group will make 155 staff redundant in Gatwick, Luton and Swindon following the buyout of the group by the Topland Group. 49 of the affected jobs will go in Swindon and the rest in Gatwick and Luton.

The buyout secured the future of 12 other sites. Administrators stated that the three hotels were "unattractive to potential buyers" and that they would close by 2 December 2013.

Menzies group is based in Derbyshire.


Sources

  • 29 November 2013: BBC News

Citation

Eurofound (2013), Menzies Hotel, Merger/Acquisition in United Kingdom, factsheet number 76271, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76271.