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
4,500 jobs Number of planned job losses
Announcement Date
18 March 2020
Employment effect (start)
18 March 2020
Foreseen end date
Description
Due to the effects of the outbreak of the coronavirus, Nordic Choice Hotels, one of the largest hotel chains in Scandinavia, plans to dismiss up to 4,500 employees in Sweden, which is approximately half of its staff. In addition, up to 3,000 employees working at hotels outside of Sweden, mainly in Norway and Denmark, are also at risk of losing their jobs. According to the company, these measures are needed as the booking rates have reached an all-time low in March 2020 and the economic consequences of COVID-19 are likely to have a significant impact on the summer holiday season as well.
The company seeks to find ways to keep its personal and for instance 500-600 of them are currently temporarily employed by PostNord, a Nordic post operator. The company stresses the need for governments to provide more direct financial aid for companies affected by the coronavirus instead of creating payment arrangements that simply postpone payments.
Nordic Choice Hotels owns over 200 hotels in the Nordics. Hotel chains such as Clarion and Quality are part of Nordic Choice Hotels.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
