Type
Business expansion
Country
Germany
Region
Hessen; Darmstadt; Hochtaunuskreis
Location of affected unit(s)
Oberursel
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

100 jobs
Number of planned job creations
Job creation
Announcement Date
22 June 2005
Employment effect (start)
1 September 2005
Foreseen end date
31 October 2005

Description

Condor, an airline belonging to the Thomas Cook group, has announced the return to profits for 2005. The number of passengers has risen sharply and a new business model (more direct sales to passengers instead of selling capacity to other companies) seems to be efficient. As a result, Condor will hire more staff in the fall 2005.


Sources

  • 23 June 2005: Tagesspiegel

Citation

Eurofound (2005), Condor, Business expansion in Germany, factsheet number 61785, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61785.