Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Germany (Hapag-Lloyd), United-Kingdom (Thomson Travel)and France (Nouvelles Frontières)
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

1,000 jobs
Number of planned job losses
Job loss
Announcement Date
24 January 2003
Employment effect (start)
1 January 2003
Foreseen end date

Description

On the 1000 job cuts, no direct dismissals are announced by the Group. The restructuration will be conduct with natural lay-offs and retirement.

More than half of the restructurating will be hold in Germany.


Sources

Citation

Eurofound (2003), TUI, Internal restructuring in European Union, factsheet number 59402, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59402.