Type
Internal restructuring
Country
World
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

0 jobs
Number of planned job losses
Job loss
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.