EMCC European Monitoring Centre on Change

Thomas Cook

Thomas Cook

Geographic Location

Country: World


Sector: Administrative services
Administrative and support service activities
79 - Travel agency, tour operator and other reservation service and related activities
Number Employed: 28000
Group: Lufthansa & KarstadtQuelle

Employment Effects

Announcement Date: 09-11-2002
Planned Job Reductions min: 1200
Planned Job Reductions max: 1200
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-11-2002
Foreseen End Date: 01-12-2003

Additional Information

Thomas Cook announced a restructuring plan affecting 1200 jobs, which is twice the figure early announced by the company. These dismissals will take by externalising project and by the stop of hiring for 2003.