Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Adminstrative / Support 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

400 - 500 jobs
Number of planned job losses
Job loss
Announcement Date
8 May 2003
Employment effect (start)
1 May 2003
Foreseen end date
1 December 2003

Description

In the frame of the restructuring of the TUI Group, TUI Leisure Travel (travel agencies) has to close some its 530 offices. 300 jobs (full-time equivalents) will be lost until June 2003 and 200 more until the end of the year. The dismissed employees will benefit of the opportunity to receive a training in order to help them finding a new job.


Sources

Citation

Eurofound (2003), TUI Leisure Travel, Internal restructuring in Germany, factsheet number 59185, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59185.