Pierre et Vacances

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Belgium, France, Germany, Netherlands, Spain
Sector
Hotel / Restaurants
Accommodation And Food Service Activities
Accommodation
55.1 - Hotels and similar accommodation
195 jobs
Number of planned job losses
Job loss
Announcement Date
19 October 2012
Employment effect (start)
1 January 2013
Foreseen end date
31 July 2013

Description

Hotel and leisure group Pierre et Vacances announced that it would cut up to 195 positions by 2013 in Europe. The group gave no details on the distribution of job cuts in the countries it operates in (France, Germany, Belgium, Spain, Netherlands), but the main job losses are expected to be in France.

The group employs 5,200 employees in France out of a total workforce of 7,500 in the EU. As other major tourism companies, the group is reported to have to take action in order to respond to a decrease in its sales. The company's management will open a voluntary departure plan and propose support for external outplacement.

Sources

Citation

Eurofound (2012), Pierre et Vacances, Internal restructuring in European Union, factsheet number 74349, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74349.