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.
Matild Palace Hotel, a Budapest hotel owned by the Turkey-based Özyer Group, held a two-day recruiting event on August 4 and August 5, aiming to hire 200 workers, including housekeepers, supervisors, bartenders, front desk personnel, restaurant and café personnel.
Matild Palace, originally built at the very beginning of the 20th century, was sold by the local government to the Özyer Group in 2014. The firm renovated the building into a luxury hotel which is to be opened in the fourth quarter in 2020.
While the coronavirus crisis had a dramatic impact on the Hungarian hotel sector, the preparations for the opening of the new hotel are going ahead unabated.
Eurofound (2020), Melis Investment, Business expansion in Hungary, factsheet number 101504, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101504.