Type
Internal restructuring
Country
Germany
Region
Hessen; Gie├čen; Vogelsbergkreis
Location of affected unit(s)
Bad Homburg
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

110 jobs
Number of planned job losses
Job loss
Announcement Date
1 September 2006
Employment effect (start)
1 February 2006
Foreseen end date
31 December 2009

Description

Amadeus, the largest European online-booking company for the tourism industry, cuts 110 jobs at its location in Bad Homburg. The company, which is held by the private equity firm BC Partners and Civen, plans to cut costs by 30% till 2009. At the beginning of the year 2006 Amadeus had planned to cut 30 jobs through fluctuation and another 60 by direct dismissal. The company now announced that 35 jobs were cut in the first half of 2006 and that another 65 jobs are currently negotiated to be transfered to an outsourced company.


Sources

  • 21 January 2006: Frankfurter Allgemeine Zeitung
  • 1 September 2006: Handelsblatt

Citation

Eurofound (2006), Amadeus, Internal restructuring in Germany, factsheet number 62855, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62855.