EMCC European Monitoring Centre on Change

Noorus SPA Hotel

Company/Organisation:
Noorus SPA Hotel

Geographic Location

Country: Estonia
Region: Kirde-Eesti; Eesti
Location of affected unit(s): Narva-Jõesuu

Company

Sector: Hotel / restaurants
Accomodation and food service activities
55.10 - Hotels and similar accommodation
Number Employed: 183

Employment Effects

Announcement Date: 18-07-2022
Planned Job Reductions min: 172
Planned Job Reductions max: 183
Type of Restructuring: Closure

Additional Information

Noorus SPA Hotel, located in the resort town of Narva-Jõesuu, Estonia, announced a reduction of its workforce. The initial collective dismissal notification has been submitted to the Estonian Unemployment Insurance Fund covering 172 employees. The reason for collective dismissal is a sharp increase in energy prices - both electricity and heating.

Consultations and negotiations will follow, which could result in a different number of dismissals. Moreover, the management board member of the expressed that it might be possible to avoid the dismissals if the state provides aid for the company or the economic situation improves. The start and end date of the dimissals is not currently available.

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