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.
Hotelbeds, a travel accommodation wholesaler, has announced to increase its global workforce by 20% over the next five years, creating 1,200 jobs.
Hotelbeds sells hotel accommodation to travel firms and airlines. The company operates worldwide. It targets its expansion plans primarily to Asia and the Americas.
The company is owned by UK-headquartered TUI Travel and currently employs 6,000 people worldwide.
Eurofound (2011), Hotelbeds, Business expansion in World, factsheet number 73217, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73217.