EMCC European Monitoring Centre on Change

TallinnHotels

Company/Organisation:
TallinnHotels

Geographic Location

Country: Estonia
Region: Põhja-Eesti; Eesti
Location of affected unit(s): Tallinn

Company

Sector: Hotel / restaurants
Accomodation and food service activities
55.10 - Hotels and similar accommodation
Number Employed: 143

Employment Effects

Announcement Date: 15-06-2020
Planned Job Reductions min: 120
Planned Job Reductions max: 120
Type of Restructuring: Bankruptcy
Employment Effect Start: 15-06-2020
Direct Dismissals: 120

Additional Information

TallinnHotels is a group that operates three hotels in the capital of Estonia. In June it announced its bankruptcy and that 120 employees would be laid off. The reason is the COVID-19 outbreak and the containment measures to stop the spread of the measure which resulted in closed borders and an instant drop in the number of tourists. The owner of the group stated that such a crisis emerging from the low-season made the business commercially non-viable.

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