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.

Sources:

12-02-2015Les Echos
05-02-2015Tour mag

Sources Links:

http://www.lesechos.fr/industrie-services/tourisme-transport/0204156384809-liquidation-judiciaire-pour-le-voyagiste-donatello-1092811.php

http://www.tourmag.com/Donatello-le-voyagiste-s-achemine-inevitablement-vers-la-liquidation-judiciaire_a72072.html