UK travel firms to shed 800 jobs
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TUI, Europe's largest travel firm, is cutting 800 jobs at its UK businesses - Thomson Holidays, Lunn Poly and Brittania Airways.
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British Airways has said that third-quarter net profits sank 12.0 percent and revealed it would lose 80 million pounds from a cancelled cabin crew strike earlier this week.
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The popularity of cut-price airlines and the Eurostar rail service to the continent is threatening to sink the ferry industry, where 1,200 job losses were announced yesterday.
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French industrial minerals group Imerys, which makes kaolin products has said that it would restructure its operations in Britain with the probable loss of 800 jobs in Devon and Cornwall.
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TUI, Europe's biggest travel and tourism group, is expected to cut between 3,500 and 4,000 jobs in France, Britain and Germany as part of a restructuring effort, a newspaper reported.
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US firms cut back on the total number of staff employed for the first time in four years, official data shows.
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Refunds are promised to thousands whose holidays were cancelled when a travel firm collapsed.
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Peninsular &amp; Oriental Steam Navigation Co., the UK&#39;s largest ferry and ports operator, plans to cut 1,200 jobs and shut routes to stem losses in the cross-channel ferries business.
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Business & money: Â· Buyout firms blamed for collapse of schemesÂ· Labour donor linked to Â£81m of deficits
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Computer Associates will cut 800 jobs,  the software maker said on Wednesday, reducing its work force 5  percent in its biggest cost-cutting effort since 2001 amid  slack demand and falling prices for software and services.
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InterActive's move to break off its travel segment as Expedia will help ease outward complexity.
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France Telecom plans to shed 8,000 jobs worldwide this year under planned retirement programmes and transfers of staff to the civil service, the company told AFP.
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Software maker Computer Associates  on Wednesday said it would cut 800 jobs, or 5 percent of its work force, to pare costs amid stiff competition in software and services.
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Holiday operator MyTravel says job losses are "inevitable" following news of its planned merger with rival Thomas Cook.
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Thousands heading abroad for Christmas face travel chaos after a UK holiday firm went bust.
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PORTS and shipping company P&amp;O is to lay off up to 1200 staff and slash services as part of a Â£240 million review to reduce costs at its loss-making ferries business.
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Ministers are expected to announce the length of time tourists can stay in the UK will be cut to three months.