Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Administrative Services
Travel Agency, Tour Operator And Other Reservation Service And Related Activities
Travel Agency, Tour Operator And Other Reservation Service And Related Activities
79 - Travel agency, tour operator and other reservation service and related activities

700 jobs
Number of planned job losses
Job loss
Announcement Date
4 February 2003
Employment effect (start)
1 February 2003
Foreseen end date

Description

MyTravel, tour operator, announced the loss of 700 jobs, following a series of bad financial reports after September 11. The company has also pulled out of most of its activities in the US, Holland and Germany.


Sources

  • 4 February 2003: The Guardian

Citation

Eurofound (2003), MyTravel, Internal restructuring in United Kingdom, factsheet number 59082, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59082.