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 79.1 - Travel agency and tour operator activities
150 - 450 jobs Number of planned job losses
Announcement Date
27 June 2019
Employment effect (start)
27 June 2019
Foreseen end date
31 December 2021
Description
The German tourism company Tui Deutschland will be cutting 450 jobs within the next two and a half years due to internal restructuring. An exact distribution of cuts has yet to be published, but management confirmed that a large portion of cuts will take place in Hannover. Management considers the job restructuring inevitable due to optimised processes in automatisation and digitalisation. Tui intends to exclude compulsory redundancies and will negotiate voluntary programmes and early-retirement programmes.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
