EMCC European Monitoring Centre on Change

Thomas Cook AG

Company/Organisation:
Thomas Cook AG

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: 26000
Group: Thomas Cook

Employment Effects

Announcement Date: 16-07-2003
Planned Job Reductions min: 1200
Planned Job Reductions max: 1200
Type of Restructuring: Internal restructuring

Additional Information

Thomas Cook works across the travel value chain : airlines, hotels, tour operators, travel and incoming agencies. Due to the crisis in the travel sector (war in Irak, SARS crisis), Thomas Cook wishes to reduce its hotel capacity and is therefore planning to suppress 1200 jobs worldwide.