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.
Région Bruxelles-Capitale / Brussels Hoofdstedelijke Gewest;
Location of affected unit(s)
Brussels
Sector
Hotel / Restaurants Accommodation And Food Service Activities Accommodation 55.10 - Hotels and similar accommodation
137 jobs Number of planned job losses
Announcement Date
17 November 2016
Employment effect (start)
17 November 2016
Foreseen end date
Description
Marriott, a multinational hotel chain has announced the closure of its offices in Brussels. Because of this 137 employees are facing dismissal. The main reasoning behind the closure are cost saving measures following the company's recent merger with another US hotel group, Starwood. Keeping the Brussels office - formerly that of Starwood - active was deemed unviable as the company has offices in Frankfurt, London and Zurich as well. The European management of the chain has stated that the restructuring will save 250 million euro in total.
Sources
17 November 2016: De Morgen
17 November 2016: La Libre
Citation
Eurofound (2016), Marriott, Merger/Acquisition in Belgium, factsheet number 90311, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90311.
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