Restructuring events
European Restructuring Monitor (ERM)
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.
LGH Hotels Management, the British company that focuses on managing mid and upscale hotels in England and Scotland announced that 1,500 jobs were at risk of redundancy as LGH continued to run hotels on ‘skeleton staff’ in response to the COVID-19 pandemic.
LGH’s chief executive said the company was 'reviewing all options' to ensure that the company was sustainable in the future.
A representative of the trade union Unite said they would put forward alternatives to compulsory redundancies and warned LGH that mass redundancies could bring reputational damage.
LGH Hotels was founded in 2018 and it manages 55 hotels under the brands Hallmark Hotels, Crowne Plaza, Holiday Inn and Hilton, employing 2,500 people.
Eurofound (2020), LGH Hotels Management , Internal restructuring in United Kingdom, factsheet number 101907, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101907.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
