Type
Closure
Country
Hungary
Region
Location of affected unit(s)
Balatonvilágos, Balatonfűzfő, Siófok, Nyíregyháza
Sector
Hotel / Restaurants
Accommodation And Food Service Activities
Accommodation
55.1 - Hotels and similar accommodation

213 jobs
Number of planned job losses
Job loss
Announcement Date
9 November 2016
Employment effect (start)
31 December 2016
Foreseen end date

Description

Erzsébet Üzemeltető - a state-owned hotel enterprise - part of the state-run vacation program, the Erzsébet-program - is planning to close down its four hotels located in Balatonvilágos, Balatonfűzfő, Siófok, Nyíregyháza, and all of its  213 employees will be dismissed. According to the press reports, the closure is the result of a recent law amendment which implies that all of the company's properties will return to the state-owned property management firm, Magyar Nemzeti Vagyonkezelő.


Sources

  • 9 November 2016: Hirado.hu
  • 9 November 2016: mfor.hu

Citation

Eurofound (2016), Erzsébet Üzemeltető, Closure in Hungary, factsheet number 89427, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89427.