Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
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

1,200 jobs
Number of planned job losses
Job loss
Announcement Date
9 November 2002
Employment effect (start)
1 November 2002
Foreseen end date
1 December 2003

Description

Thomas Cook announced a restructuring plan affecting 1200 jobs, which is twice the figure early announced by the company. These dismissals will take by externalising project and by the stop of hiring for 2003.


Sources

  • 30 April 2003: Les Echos

Citation

Eurofound (2002), Thomas Cook, Internal restructuring in World, factsheet number 58844, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/58844.