EMCC European Monitoring Centre on Change

Sacher

Company/Organisation:
Sacher

Geographic Location

Country: Austria
Location of affected unit(s): Vienna and Salzburg

Company

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

Employment Effects

Announcement Date: 15-09-2020
Planned Job Reductions min: 140
Planned Job Reductions max: 140
Type of Restructuring: Internal restructuring
Employment Effect Start: 15-09-2020
Direct Dismissals: 140

Additional Information

The hotel group Sacher has dismissed 140 employees, 105 in Vienna and 35 in Salzburg. The rest of the staff is still on short term work. The company expects this year's turnover to reach only around 25% of the previous year. Like the rest of the tourism, hotels have been heavily affected by the COVID-19 health crisis. The minister for finance has invited the CEO and EU representatives to argue for further subsidies. The minister wants to allow for another grant for overhead costs, yet the implementation remains in need of approval by the European Commission.

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