Restructuring events
European Restructuring Monitor (ERM)
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.
Thomas Cook, a British travel company and tour operator, has announced that it is to close 200 stores with the loss of between 660 and 1000 jobs in the UK. This follows last year's job cuts when Thomas Cook had announced cuts of 500 jobs by the end of 2010 (see here).
The announcement follows a pre-tax loss of £398m.
The staff has already been informed whether their Thomas Cook branch will be affected by the redundancies.
Eurofound (2011), Thomas Cook, Internal restructuring in United Kingdom, factsheet number 72867, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72867.