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
500 jobs Number of planned job losses
Announcement Date
1 December 2010
Employment effect (start)
Foreseen end date
31 December 2010
Description
Thomas Cook has announced that it has cut 500 jobs in the UK. The company revealed the job cuts when announcing full year results this morning. Restructuring has resulted in the loss of 500 support and managerial roles across the company. It expects that the review will save between £40-50 million a year in total.
Sources
1 December 2010: The Guardian
1 December 2010: The Telegraph
Citation
Eurofound (2010), Thomas Cook, Internal restructuring in United Kingdom, factsheet number 71258, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71258.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
