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 And Tour Operator Activities 79.11 - Travel agency activities
100 - 150 jobs Number of planned job losses
Announcement Date
2 September 2012
Employment effect (start)
31 October 2012
Foreseen end date
31 December 2012
Description
Travel agency Thomas Cook announced its intention to cut between 100 and 150 jobs in Belgium.
The company has many offices and the headquarters in Belgium. The "Renault procedure" was launched and the negotiations between the unions and the management were started in order to decide where the jobs will be cut.
According to the management, this decision for cuts comes from the need to increase the company's efficiency and improve its financial results; the unions claim that the Belgian branch of Thomas Cook is no less profitable than before.
Sources
3 September 2012: La Libre
3 September 2012: rtl.be
3 September 2012: Het Nieuwsblad
Citation
Eurofound (2012), Thomas Cook Belgium, Internal restructuring in Belgium, factsheet number 74070, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74070.
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