Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The French subsidiary of the German tour operator TUI announced a reorganisation at a Social and Economic Committee (ESC) meeting that will lead to cut of 317 to 583 positions. This announcement is part of a global reorganisation announced by the group which aims to eliminate 8,000 positions worldwide. According to the management, the project provides for the elimination of 317 posts, excluding the potential impact in the integrated branch network. In the event of the closure of these agencies, the impact would amount to 583 positions. The employees of the tour operator, number one in Europe, are on short-time working since mid-March until mid-September. The Group has approximately 850 employees with permanent contracts in France.
Two previous reorganisation were announced in 2013 (306 job cuts) and 2012 (484 job cuts).
Eurofound (2020), TUI, Internal restructuring in France, factsheet number 100930, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100930.