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.
Adminstrative / Support 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
0 jobs Number of planned job losses
Announcement Date
25 November 2003
Employment effect (start)
Foreseen end date
Description
Thomas Cook works across the travel value chain : airlines, hotels, tour operators, travel and incoming agencies. The group has announced a radical restructuring plan that will result in major job losses worldwide and the closing of agencies and hotels. This announcement follows rumours of catastrophic financial results.
Sources
25 November 2003: Les Echos
Citation
Eurofound (2003), Thomas Cook, Internal restructuring in World, factsheet number 60076, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60076.
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