Eiffel Tower Strike and Reopening
The Eiffel Tower in France, closed for five days due to a strike, will reopen after a deal was struck with unions for increased investment and monitoring of the company’s business model. The strike resulted in the loss of 100,000 admissions, with the tower facing financial challenges due to the Covid pandemic.
Key Points
- Eiffel Tower closed for five days due to strike
- Unions demand increased investment
- SETE reached agreement with unions for regular monitoring and investment
- Shortfall of 120 million euros during Covid pandemic
- Recapitalization of 60 million euros received by SETE
Pros
- Deal reached between management and unions
- Increased investment and monitoring for the Eiffel Tower
- Apologies extended to affected visitors
Cons
- Loss of 100,000 admissions due to the strike
- Financial challenges faced by the Eiffel Tower during the Covid pandemic