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.
Thomas Cook works across the travel value chain : airlines, hotels, tour operators, travel and incoming agencies. Due to the crisis in the travel sector (war in Irak, SARS crisis), Thomas Cook wishes to reduce its hotel capacity and is therefore planning to suppress 1200 jobs worldwide.
Eurofound (2003), Thomas Cook AG, Internal restructuring in World, factsheet number 59640, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59640.