EMCC European Monitoring Centre on Change

Euroservices

Company/Organisation:
Euroservices

Geographic Location

Country: France

Company

Sector: Administrative services
Administrative and support service activities
79.1 - Travel agency and tour operator activities
Number Employed: 136

Employment Effects

Announcement Date: 12-02-2015
Planned Job Reductions min: 136
Planned Job Reductions max: 136
Type of Restructuring: Bankruptcy
Employment Effect Start: 05-02-2015
Foreseen End Date: 31-03-2015
Direct Dismissals: 136

Additional Information

The Commercial Court of Paris has decided on the liquidation of the travel agency and tour operator, Euroservices, best known for its brand "Donatello." As a result, 136 employees will be dismissed. The company, which reached a turnover of €75 million in 2013, was placed in receivership in January 2015. The management received no takeover proposals since January as the tour operating business has been steadily decreasing over the years.