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 55.1 - Hotels and similar accommodation
200 jobs Number of planned job losses
Announcement Date
13 December 2016
Employment effect (start)
13 December 2016
Foreseen end date
13 December 2016
Description
The largest hotel in Belgium - the Sheraton Brussels - has announced its closure due to the bankruptcy of its operating company, Swedish-owned SBH SPRL. The hotel employs 200 people. The hotel has 500 rooms over 30 floors, has been in existence since 1973 but has suffered from a recent decline in tourism following the terrorist attacks in Paris and Brussels. Trade union representatives have said that lack of investment and bad management are the main reasons for the closure.
Sources
13 December 2016: De Redactie
13 December 2016: De Standaard
Citation
Eurofound (2016), Sheraton Brussels, Bankruptcy in Belgium, factsheet number 90312, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90312.
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