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.
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
100 jobs Number of planned job losses
Announcement Date
8 November 2006
Employment effect (start)
Foreseen end date
31 October 2007
Description
On 8 November 2006, Tui, one of Germanys leading tourism and shipping companies, announced its plans to cut 100 jobs out of nearly 200 jobs at its affiliate Airtours.
Airtours, specialised as a travel agency, is expected to move its headquarters from Frankfurt to Hanover as part of the reorganising strategy for its German business. The relocation will entail a loss of 100 jobs. The job cuts shall be completed by the end of October 2007.
Sources
8 November 2006: Handelsblatt
Citation
Eurofound (2006), Airtours, Relocation in Germany, factsheet number 64422, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64422.
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