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.
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
800 jobs Number of planned job losses
Announcement Date
30 September 2004
Employment effect (start)
1 October 2004
Foreseen end date
31 December 2004
Description
Europe's largest tourism group, TUI, confirmed plans to cut its UK workforce by 8%, with the loss of 800 jobs by the end of the year. The job losses are expected across the group's Lunn Poly travel agency, Thomson tour operator and Britannia airline divisions. TUI plans to rebrand its Britannia and Thomson fleet of aircraft as Thomsonfly and has promised to invest in extra planes and refurbishment. The group is struggling to keep pace with changes in holiday booking patterns, as customers are increasingly abandoning high street travel agencies in favour of the internet, television and telephone.
Sources
1 October 2004: The Guardian
Citation
Eurofound (2004), TUI, Internal restructuring in United Kingdom, factsheet number 60540, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60540.
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