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 And Tour Operator Activities 79.11 - Travel agency activities
878 jobs Number of planned job losses
Announcement Date
3 August 2020
Employment effect (start)
3 August 2020
Foreseen end date
Description
Hays Travel, the British travel agency, has announced that it will cut 878 jobs, affecting 344 staff currently training as travel consultants and 534 who work in the company’s foreign exchange division across the UK. Redundancy consultations with the affected staff have already started. A statement by the firm said that experienced sales staff, apprentices and those working in the head office were not affected by the cuts.
The owners of the company said the latest travel restrictions introduced by the UK government to control the COVID-19 pandemic had a serious negative effect on the travel industry, including their business.
Hays Travel is the UK’s largest independent travel agents with 737 shops across the country. Following the liquidation of the travel company Thomas Cook’s in October 2019, Hays Travel acquired all their shops and employed over 2,000 former Thomas Cook employees.
Eurofound (2020), Hays Travel, Internal restructuring in United Kingdom, factsheet number 101905, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101905.
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.
