Saturday 30 August 2014
 
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travel firm

Thomas Cook to cut 2,500 jobs in UK

British travel firm Thomas Cook said it would cut 2,500 jobs from its UK workforce as part of its plans to restructure the business. Most of the job losses would be in back-office functions and its retail network, and would involv

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Saudi travel firm Al-Tayyar IPO to raise $365m

Saudi Arabian group Al-Tayyar Travel is set to raise up to SR1.37 billion ($365 million) selling a 30 per cent stake in a listing in the first week of June, two sources familiar with the matter said. The family-owned business group is offe

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