Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Administrative Services
Travel Agency, Tour Operator And Other Reservation Service And Related Activities
Travel Agency And Tour Operator Activities
79.11 - Travel agency activities

70 jobs
Number of planned job losses
Job loss
Announcement Date
6 July 2012
Employment effect (start)
1 September 2012
Foreseen end date
31 December 2012

Description

FRAM, a travel agency, has announced to its works council to cut 70 positions out of a total workforce of 600 employees.

FRAM tries to make face to losses in 2010 and 2011 and an increasing competition of online providers. It is also hit by the "Arabic spring" as North Africa is one of its main market FRAM services (Tunisia, Marocco, Egypt).


Sources

Citation

Eurofound (2012), FRAM, Internal restructuring in France, factsheet number 73948, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73948.