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 55.10 - Hotels and similar accommodation
383 jobs Number of planned job losses
Announcement Date
19 July 2019
Employment effect (start)
Foreseen end date
Description
Spanish hotel company Riu Hotels & Resorts, owned for 50% by German tourist group TUI, announced a collective dismissal plan for the Olivia Beach hotel staff, which is expected to affect 383 workers. According to the company, the measure derives from the deadlock of a renovation plan (valued at €40 million) with the administrative authorities. The renovation plan was tabled in November 2018 in order to reach four-star status. Social partners are planned to meet on 24 July to negotiate the terms of the labour force adjustment.
Eurofound (2019), Riu Hotels & Resorts, Internal restructuring in Spain, factsheet number 98214, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98214.
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