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.
Accommodation / Food 55 - Accommodation 55.1 - Hotels and similar accommodation 55.1 - Hotels and similar accommodation
100 jobs Number of planned job losses
Announcement Date
8 July 2011
Employment effect (start)
Foreseen end date
Description
Llangollen Hotels announced 100 job losses. Llangollen Hotels and parent company Global Investments Group have appointed KPMG after running into financial difficulties. The administrators have announced 100 job losses of the 177 staff working for the business.
Sources
8 July 2011: BBC Website
Citation
Eurofound (2011), Llangollen Hotels, Bankruptcy in United Kingdom, factsheet number 72174, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72174.