EMCC European Monitoring Centre on Change

Athens Imperial

Company/Organisation:
Athens Imperial

Geographic Location

Country: Greece
Region: Attiki
Location of affected unit(s): Athens, Attiki

Company

Sector: Hotel / restaurants
Accomodation and food service activities
55.1 - Hotels and similar accommodation
Number Employed: 100
Group: N. Daskalantonakis

Employment Effects

Announcement Date: 30-05-2012
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Closure
Employment Effect Start: 30-05-2012
Foreseen End Date: 31-05-2012
Direct Dismissals: 100

Additional Information

Athens Imperial, a five-star hotel in Athens, is closing down and its 100 employees will be made redundant.
The Marketing Department of the hotel announced on 30 May the Group's decision to close the doors of Athens Imperial on 31 May. Decline in tourism, particularly in the region of Athens and serious financial problems were given as the reasons for this decision. 

According to some media sources there are plans to absorb the dismissed staff by other hotel units; however, there has been no such official announcement from the group yet.

Athens Imperial is one of nine city classical hotels belonging to N. Daskalantonakis Group. It is considered as one of the most prestigious 5 star hotels in Athens.