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.
Dutch tour operator Corendon has announced it will cut 100 of it 400 jobs. The tour operator has been hit hard by the travel restrictions as a result of the COVID-19 pandemic. Government support measures have kept the company from falling into bankruptcy in the past months and extra government-backed loans will be necessary to survive. To qualify for additional loans, the company has to provide a viable business plan, of which the internal restructuring is one aspect. Corendon is a tour operator in the Netherlands, specialized in vacations to destinations in Greece, Turkey and Spain.
Eurofound (2020), Corendon, Internal restructuring in Netherlands, factsheet number 100967, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100967.