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.
Travel agency Thomas Cook has announced plans to close 27 shops and remove the role of cluster manager, resulting in the loss of 210 jobs. These latest plans also include the creation of 360 new dedicated store manager roles after a successful pilot scheme in 2017. The latest store closures are seen as continued restructuring following the take-over of the co-op travel brand and the move towards a single brand by November 2018. There is no information available on the timescales for either the job creation or of the redundancies.
The travel agency previously announced store closures in 2017 with the loss of 400 jobs.
Eurofound (2018), Thomas Cook, Closure in United Kingdom, factsheet number 93713, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93713.
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