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
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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