EMCC European Monitoring Centre on Change

Thomas Cook

Company/Organisation:
Thomas Cook

Geographic Location

Country: World

Company

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

Employment Effects

Announcement Date: 25-11-2003
Type of Restructuring: Internal restructuring

Additional Information

Thomas Cook works across the travel value chain : airlines, hotels, tour operators, travel and incoming agencies. The group has announced a radical restructuring plan that will result in major job losses worldwide and the closing of agencies and hotels. This announcement follows rumours of catastrophic financial results.