Peterborough-based Thomas Cook slumped to a £590 million loss in its last financial year and is working on plans to slash costs.
As well as shutting stores, the UK's second-biggest travel company has trimmed its airline fleet and sold off hotels after it was forced to turn to its banks for an additional £200 million of loans in 2011.
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Des Coleman has the latest weather for the West Midlands.
Des Coleman has the latest forecast for the East Midlands
A 49-year-man has been arrested on suspicion of causing death by dangerous driving and is currently in custody.