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.
On 8 November 2006, Tui, one of Germanys leading tourism and shipping companies, announced its plans to cut 100 jobs out of nearly 200 jobs at its affiliate Airtours.
Airtours, specialised as a travel agency, is expected to move its headquarters from Frankfurt to Hanover as part of the reorganising strategy for its German business. The relocation will entail a loss of 100 jobs. The job cuts shall be completed by the end of October 2007.
Eurofound (2006), Airtours, Relocation in Germany, factsheet number 64422, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64422.