TUI To Get Bigger
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TUI To Get Bigger
Looks like Tuifly will be merging with Germanwings.
From Times OnlineJanuary 29, 2008
TUI staff face more cuts as 100 UK shops close
Hundreds of staff could be impacted as TUI Travel, the group behind First Choice and Thomson, looks to save £150m Steve Hawkes
Hundreds of staff could lose their jobs after TUI Travel, Europe’s biggest tour operator, today announced plans to close 100 high street travel agencies in the UK.
The group, formed in March last year by the £3 billion merger between First Choice and Thomson Holidays, said today that it wanted to increase cost savings by a further £50 million to £150 million a year.
It is already pressing on with the closure of offices in Crawley and Manchester as part of a wider reorganisation, which is expected to see thousands of jobs affected.
TUI Travel employs more than 18,000 staff in the UK out of 40,000 across Europe.
“It’s not small numbers clearly and it’s a sensitive issue,” he said today. “We are very mindful that we want to work through this with our colleagues. We would hope to achieve a lot of this through natural staff turnover.”
Mr Long has carried out a 100-day review of the business to see where further cost savings, and investments, can be made.
TUI is the biggest tour operator in Europe and has made little secret of its ambition to expand into Russia, India and China.
Mr Long today said that the group should be able to increase operating margins from 2.2 per cent to 3.4 per cent and double its return on invested capital.
It has also signed a memorandum of understanding to merge TUIfly, its airline, with GermanWings, the carrier run by Lufthansa.
Mr Long today said that there was no sign that the slowdown hitting the high street would affect holiday bookings. Sales at TUI Travel for summer 2008 are up 8 per cent.
“Current trading is encouraging,” Mr Long said. “Our customers are cutting back on eating out and home improvement work instead. They are saying ‘My main holiday is an essential, we are not going to not go away’.”
From Times OnlineJanuary 29, 2008
TUI staff face more cuts as 100 UK shops close
Hundreds of staff could be impacted as TUI Travel, the group behind First Choice and Thomson, looks to save £150m Steve Hawkes
Hundreds of staff could lose their jobs after TUI Travel, Europe’s biggest tour operator, today announced plans to close 100 high street travel agencies in the UK.
The group, formed in March last year by the £3 billion merger between First Choice and Thomson Holidays, said today that it wanted to increase cost savings by a further £50 million to £150 million a year.
It is already pressing on with the closure of offices in Crawley and Manchester as part of a wider reorganisation, which is expected to see thousands of jobs affected.
TUI Travel employs more than 18,000 staff in the UK out of 40,000 across Europe.
“It’s not small numbers clearly and it’s a sensitive issue,” he said today. “We are very mindful that we want to work through this with our colleagues. We would hope to achieve a lot of this through natural staff turnover.”
Mr Long has carried out a 100-day review of the business to see where further cost savings, and investments, can be made.
TUI is the biggest tour operator in Europe and has made little secret of its ambition to expand into Russia, India and China.
Mr Long today said that the group should be able to increase operating margins from 2.2 per cent to 3.4 per cent and double its return on invested capital.
It has also signed a memorandum of understanding to merge TUIfly, its airline, with GermanWings, the carrier run by Lufthansa.
Mr Long today said that there was no sign that the slowdown hitting the high street would affect holiday bookings. Sales at TUI Travel for summer 2008 are up 8 per cent.
“Current trading is encouraging,” Mr Long said. “Our customers are cutting back on eating out and home improvement work instead. They are saying ‘My main holiday is an essential, we are not going to not go away’.”
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In Germany it more looks like Germanwings will be merging with TuiFly 
And once Lufhansa owns the big low cost / tourist charter carrier, it can be named CONDOR again ...
If they use the old condor livery (bare aluminum fuselage...), that doesn´t even require a paint job
And once Lufhansa owns the big low cost / tourist charter carrier, it can be named CONDOR again ...
If they use the old condor livery (bare aluminum fuselage...), that doesn´t even require a paint job
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Thomsonfly cabin crew to vote on strike tomorrow.
LONDON (Thomson Financial) - Seventeen hundred UK-based cabin crew at airline Thomsonfly are to be asked if they will support a full strike ballot after airline bosses failed to assure staff the carrier would not make compulsory redundancies.
The vote, which will take place tomorrow, is being organised by the union Unite and will include cabin crew at all Thomsonfly operations, which cover most major UK airports. Unite is the same union which organised the recent, narrowly averted strikes by Virgin Atlantic in January 2008.
Unite said the company had been pressed for some time to give the assurances required ahead of being merged into TUI Travel PLC. In a statement released today, TUI said some £40m of cost synergies have been identified in the UK in airline network planning, the retail estate and administrative costs, with the remaining £10m coming from continental Europe.
'It is the failure of the airline to categorically rule out compulsory redundancies over a long period which has tried the patience of union negotiators.
'Cabin crew, who are employed by Thomsonfly and not yet by TUI Travel , have been concerned to see today's announcement about redundancies in the travel shops. That is why we are pressing Thomson now before TUI takes control,' Kevin Hall, Unite's regional industrial organiser said in a statement.
If there is a majority in favour of a strike ballot, full authority would then be sought from the Unite general secretary and the vote by post would be organised independently of the union.
If there is a 'yes' vote, the union will have 28 days in which to take any action and is required to give 7 days notice of what action will be taken.
LONDON (Thomson Financial) - Seventeen hundred UK-based cabin crew at airline Thomsonfly are to be asked if they will support a full strike ballot after airline bosses failed to assure staff the carrier would not make compulsory redundancies.
The vote, which will take place tomorrow, is being organised by the union Unite and will include cabin crew at all Thomsonfly operations, which cover most major UK airports. Unite is the same union which organised the recent, narrowly averted strikes by Virgin Atlantic in January 2008.
Unite said the company had been pressed for some time to give the assurances required ahead of being merged into TUI Travel PLC. In a statement released today, TUI said some £40m of cost synergies have been identified in the UK in airline network planning, the retail estate and administrative costs, with the remaining £10m coming from continental Europe.
'It is the failure of the airline to categorically rule out compulsory redundancies over a long period which has tried the patience of union negotiators.
'Cabin crew, who are employed by Thomsonfly and not yet by TUI Travel , have been concerned to see today's announcement about redundancies in the travel shops. That is why we are pressing Thomson now before TUI takes control,' Kevin Hall, Unite's regional industrial organiser said in a statement.
If there is a majority in favour of a strike ballot, full authority would then be sought from the Unite general secretary and the vote by post would be organised independently of the union.
If there is a 'yes' vote, the union will have 28 days in which to take any action and is required to give 7 days notice of what action will be taken.
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Change to fleet
todays presentaion to shareholders show the fleet changes on page 23.
http://www.tuitravelplc.com/tuitrave..._&_Nick_UK.pdf
looking at the future column it is clear that 737-300 & A320s operated by teh group are going and it is all going to be 737-800s a few 757s and the 767/787 for long haul. The firm is also very keen on moving as many pax to long haul as poss. If its not high margin then they are not keen.
"Move to a standard Boeing fleet of 737, 757, 767/787 to deliver efficiencies around engineering costs, pilot levels, dedicated standby, sub charters / recoveries & effective programme planning"
looking at the future column it is clear that 737-300 & A320s operated by teh group are going and it is all going to be 737-800s a few 757s and the 767/787 for long haul. The firm is also very keen on moving as many pax to long haul as poss. If its not high margin then they are not keen.
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Move to a standard Boeing fleet of 737, 757, 767/787
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The whole TUI setup is confusing, the article doesn't help with it being referred to as TUIFly and TUI Travel.
TUIFly
HapagFly (Hapag Lloyd)
Germania
Hapag Lloyd Express
Corsair International
CorsairFly
TUI Airlines Belgium
JetAirFly (Sobelair)
TUI Airlines Nederland
ArkeFly (Exel Netherlands)
TUIfly Nordic
Britannia Nordic
TUI Travel PLC
ThomsonFly (Britannia AW)
First Choice AW
While they're still under the big red TUI Umbrella, I think TUI Travel PLC in particular is completely independent of the rest.
TUIFly
HapagFly (Hapag Lloyd)
Germania
Hapag Lloyd Express
Corsair International
CorsairFly
TUI Airlines Belgium
JetAirFly (Sobelair)
TUI Airlines Nederland
ArkeFly (Exel Netherlands)
TUIfly Nordic
Britannia Nordic
TUI Travel PLC
ThomsonFly (Britannia AW)
First Choice AW
While they're still under the big red TUI Umbrella, I think TUI Travel PLC in particular is completely independent of the rest.
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"I think TUI Travel PLC in particular is completely independent of the rest."
No. All in the same boat. TUI Travel PLC is an umbrella under an umbrella.
TUI owns 51% of the lower umbrella.
TUIfly is (still) a brand. Therefore "Germania" has to be deleted, the aircraft operated under the TUIfly brand are wetleased.
TUI Travel PLC
Britannia AW
First Choice AW
Hapag Lloyd Flug GmbH
Hapag Lloyd Express GmbH
Corsair
Jetair N.V.
TUI Airlines Nederland B.V.
Britannia Nordic
No. All in the same boat. TUI Travel PLC is an umbrella under an umbrella.
TUI owns 51% of the lower umbrella.
TUIfly is (still) a brand. Therefore "Germania" has to be deleted, the aircraft operated under the TUIfly brand are wetleased.
TUI Travel PLC
Britannia AW
First Choice AW
Hapag Lloyd Flug GmbH
Hapag Lloyd Express GmbH
Corsair
Jetair N.V.
TUI Airlines Nederland B.V.
Britannia Nordic
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You name it
"The whole TUI setup is confusing".
Probably that's the plan! Aren't "funny" business-cases woven that way? Nobody knows where the - non-existing - money goes? The state-attorney is puzzled later on and nobody gets hurt - except some employees?
And for the brand: It could have worked with some money in the pocket. Some. The Master of desa.. ahem umbrella is switching plans faster and more frequently than the shareholders change their underwear. The next move is just taking place. Watch Hapag-Lloyd – the ships, this time....
Probably that's the plan! Aren't "funny" business-cases woven that way? Nobody knows where the - non-existing - money goes? The state-attorney is puzzled later on and nobody gets hurt - except some employees?
And for the brand: It could have worked with some money in the pocket. Some. The Master of desa.. ahem umbrella is switching plans faster and more frequently than the shareholders change their underwear. The next move is just taking place. Watch Hapag-Lloyd – the ships, this time....
Precisely.
Watch Hapag-Lloyd being absorbed and wait for the rest. The next 12 (maybe 6) months will tell whether bring HL back into the company was a good more or not.
Watch Hapag-Lloyd being absorbed and wait for the rest. The next 12 (maybe 6) months will tell whether bring HL back into the company was a good more or not.
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So are you guys (cabin crew/pilots) within TUI Travel UK airlines expecting redundancies?
I gather S08 is set in place, but will the company announce redundancies for S09 at an early or late stage?
I gather S08 is set in place, but will the company announce redundancies for S09 at an early or late stage?
