EMCC European Monitoring Centre on Change

Porto Carras

Company/Organisation:
Porto Carras

Geographic Location

Country: Greece
Region: Chalkidiki; Kentriki Makedonia; Voreia Ellada
Location of affected unit(s): Sithonia

Company

Sector: Hotel / restaurants
Accomodation and food service activities
55.1 - Hotels and similar accommodation
Number Employed: 800

Employment Effects

Announcement Date: 04-09-2012
Planned Job Reductions min: 80
Planned Job Reductions max: 90
Type of Restructuring: Internal restructuring
Employment Effect Start: 31-10-2012
Foreseen End Date: 31-12-2012

Additional Information

Porto Carras, a big resort in Chalkidiki, announced it is to reduce the number of employees by around 80-90. 46 people have already been dismissed, and another 5% of its 800 employees is to be made redundant.

In addition to these measures the management has also announced that the Hotel and Casino in Porto Carras will now operate on a 6-month basis instead of year-round. This implies that a number of remaining employees will be offered seasonal contracts instead.

The restructuring is a result of a drop in the turn-over in the last 3 years.