Hundreds of jobs at Thomas Cook in Bradford are to be lost after the travel company announced it is closing its call centre in the city by March next year. 537 people currently work at the Goodwin Street site where 468 jobs are to be axed.
Thomas Cook has warned its shareholders that their failure to back two planned disposals, which include the sale and leaseback of part of its aircraft fleet and the disposal of five Spanish hotels, could lead to the firm going into administration.
In a circular, the tour operator confirmed losses of £262.7 million for the winter, but said it was confident that shareholders would vote for the disposals.
A spokesman for Thomas Cook said: "We fully expect the hotel sale and sale and leaseback to go ahead as planned."