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.
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://apps.eurofound.europa.eu/restructuring-events/detail/98214.