EMCC European Monitoring Centre on Change

Atlas

Company/Organisation:
Atlas

Geographic Location

Country: Croatia
Region: Dubrovačko-neretvanska županija; Jadranska Hrvatska; Hrvatska
Location of affected unit(s): Dubrovnik

Company

Sector: Administrative services
Administrative and support service activities
79.11 - Travel agency activities
Number Employed: 151
Group: Atlas

Employment Effects

Announcement Date: 27-07-2020
Planned Job Reductions min: 132
Planned Job Reductions max: 132
Type of Restructuring: Internal restructuring
Employment Effect Start: 03-08-2020
Foreseen End Date: 30-09-2020
Direct Dismissals: 132

Additional Information

Travel agency Atlas has launched an extensive process of business optimisation and restructuring entailing the dismissal of 132 of its 151 employees. Atlas has not been able to find a sustainable business model for many years and the final blow was the COVID-19 crisis that has particularly adverse consequences on the South Adriatic region, where Atlas is mostly active. Therefore, dismissed workers are awaiting the termination of their employment contract and the legal severance payment. The president of the Tourism and Services Trade Union of Croatia said that there were no hopes for the rescue of previously big and important companies in the sector.

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