Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Hotel / Restaurants
Accommodation And Food Service Activities
Accommodation
55.1 - Hotels and similar accommodation

800 jobs
Number of planned job losses
Job loss
Announcement Date
25 April 2003
Employment effect (start)
Foreseen end date

Description

Intercontinental, the hotel group recently demerged from Six Continents leisure conglomerate, yesterday announced plans to cut 800 jobs, which it hopes

will go half way to meeting one of its main cost-cutting pledges.In this time,150 people having already left the company.


Sources

  • 25 April 2003: Les Echos
  • 25 April 2003: The Guardian

Citation

Eurofound (2003), Intercontinental Hotel Group, Internal restructuring in United Kingdom, factsheet number 59213, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59213.