EMCC European Monitoring Centre on Change

Tivoli

Company/Organisation:
Tivoli

Geographic Location

Country: Denmark
Region: Københavns amt
Location of affected unit(s): København

Company

Sector: Arts / entertainment
Arts, entertainment and recreation
93.21 - Activities of amusement parks and theme parks
Number Employed: 2000

Employment Effects

Announcement Date: 11-06-2020
Planned Job Reductions min: 233
Planned Job Reductions max: 233
Type of Restructuring: Internal restructuring
Employment Effect Start: 11-06-2020
Direct Dismissals: 233

Additional Information

Tivoli is a amusement park in Copenhagen which has experienced a severe economic downturn due to the Corona-crisis and lockdown. Tivoli expected to cut 440 employees, but has managed to lower the dismissals to 233 in dialogue with relevant trade unions. The number was brought down by voluntary resignations, natural expiration of temporary contracts and flexible planning of work schedules among the permanent and seasonal staff. The lack of tourists due to travel restrictions has hurt the amusement park. The company expects a yearly deficit in 2020 to be around 100 million DK despite support and compensation packages from the state. 

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