Nord Ovest; Lombardia; Milano
Location of affected unit(s)
Administrative Services
Travel Agency, Tour Operator And Other Reservation Service And Related Activities
Travel Agency And Tour Operator Activities
79.12 - Tour operator activities

231 jobs
Number of planned job losses
Job loss
Announcement Date
15 March 2018
Employment effect (start)
13 June 2018
Foreseen end date


At a meeting at the Ministry of Economic Development (MISE), private equity fund Investindustrial, which is the Valtur's majority shareholder, has announced it will stop investing  in the company and will sell its properties to potential investors. No restructuring plan for relaunching the company is therefore foreseen. The fund also announced the beginning of mass dismissal proceedings, which will affect about 100 tour operators and administrative staff employed in the Milan offices. The employment impact of the closure will extend to some 1,100/1200 seasonal workers employed in Valtour's resorts. To date, no investor has expressed an interest in buying the company. 

Update, 10/06/2018: The dismissal of 231 Valtour employees (108 with open-ended contracts and 123 with fixed-term contracts) will be implemented as of 13 June 2018. The jobs of the remaining 1,100 to 1,200 seasonal workers employed in Valtour's resorts are also at risk.


  • 15 March 2018: La Repubblica
  • 18 March 2018: Il corriere della sera
  • 15 March 2018: Il Sole 24 Ore
  • 13 June 2018: Il manifesto


Eurofound (2018), Valtur, Closure in Italy, factsheet number 93583, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93583.