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.
Arts / Entertainment Sport, Amusement And Recreation Sports Activities And Amusement And Recreation Activities 93.21 - Activities of amusement parks and theme parks
233 jobs Number of planned job losses
Announcement Date
11 June 2020
Employment effect (start)
11 June 2020
Foreseen end date
Description
Tivoli is a amusement park in Copenhagen which has experienced a severe economic downturn due to the Corona-crisis and lockdown. Tivoli expected to cut 440 employees, but has managed to lower the dismissals to 233 in dialogue with relevant trade unions. The number was brought down by voluntary resignations, natural expiration of temporary contracts and flexible planning of work schedules among the permanent and seasonal staff. The lack of tourists due to travel restrictions has hurt the amusement park. The company expects a yearly deficit in 2020 to be around 100 million DK despite support and compensation packages from the state.
Eurofound (2020), Tivoli, Internal restructuring in Denmark, factsheet number 101171, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101171.
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