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.
The company behind Thomson Holidays and Lunn Poly is reported to be planning to reduce its workforce by about 2,000 as part of a major overhaul.
Tui UK, which was known as Thomson and still sells most of its holidays under that brand, has reviewed its UK business amid tough competition from online firms and low-cost airlines.
Peter Rothwell, head of the German-owned firm's north Europe operations, told the Sunday Times that Tui wanted to cut its headcount from 13,500 to around 11,500 and hoped to do this without making compulsory redundancies.
Eurofound (2005), Tui UK, Internal restructuring in United Kingdom, factsheet number 61307, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61307.