Holiday company Thomas Cook to axe 2,500 jobs

Holiday company Thomas Cook will axe 2,500 UK jobs and shut 195 shops.

The redundancies - one in six of the workforce - are part of a reshaping of the company to combat the recession and online competition.

ITV News Business Editor Laura Kuenssberg reports:

Advertisement

Thomas Cook to axe 2,500 jobs

Holiday firm Thomas Cook today announced plans to axe 2,500 UK jobs and warned of some store closures under a group-wide restructure.