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

444 - 600 jobs
Number of planned job losses
Job loss
Announcement Date
18 November 2014
Employment effect (start)
Foreseen end date

Description

The Spanish hotel chain Transhotel will apply for a collective redundancy affecting around 444 employees (74% of its entire workforce). The company filed for bankruptcy in October 2014. However, in case the company fails to attract investors, the dismissals will be extended to the whole workforce. The timeframe for the restructuring is not known yet.


Sources

  • 18 November 2014: Expansión

Citation

Eurofound (2014), Transhotel, Bankruptcy in Spain, factsheet number 77889, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77889.