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, Tour Operator And Other Reservation Service And Related Activities 79 - Travel agency, tour operator and other reservation service and related activities
110 jobs Number of planned job losses
Announcement Date
1 September 2006
Employment effect (start)
1 February 2006
Foreseen end date
31 December 2009
Description
Amadeus, the largest European online-booking company for the tourism industry, cuts 110 jobs at its location in Bad Homburg. The company, which is held by the private equity firm BC Partners and Civen, plans to cut costs by 30% till 2009. At the beginning of the year 2006 Amadeus had planned to cut 30 jobs through fluctuation and another 60 by direct dismissal. The company now announced that 35 jobs were cut in the first half of 2006 and that another 65 jobs are currently negotiated to be transfered to an outsourced company.
Sources
21 January 2006: Frankfurter Allgemeine Zeitung
1 September 2006: Handelsblatt
Citation
Eurofound (2006), Amadeus, Internal restructuring in Germany, factsheet number 62855, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62855.
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