Thomson owner to axe 2,600 UK jobs
From Channel 4 news:
Thomson owner to axe 2,600 UK jobs
Last Modified: 15 Dec 2006
Source: ITN
Around 2,600 UK jobs are being axed by the owner of Thomson Holidays as part of a Europe-wide restructuring programme.
German travel group Tui is cutting a total of 3,600 posts in its tourism division, but said the UK will be affected more as market changes have been far more dramatic in the UK compared with central Europe.
Tui, which owns former Lunn Poly travel agent shops, said the job losses are part of a cost-cutting programme aimed at saving €250 million (£168m) in the tourism division by 2008.