Thomas Cook restructure will 'transform operations'

Thomas Cook has entered a 90-consultation with some of its UK employees on a three-year programme to "transform its operations".

The consultation will consider plans to:

  • Close 195 high street stores, whilst retaining 874 outlets on British high streets
  • Place a number of administrative and managerial roles at risk, at Head Offices in Peterborough and Preston, whilst proposing the closure of its Accrington office
  • Change some terms and conditions in order to make further efficiencies, thereby safeguarding additional roles
  • Thomas Cook currently employees 15,500 people in the UK and it is anticipated that approximately 2,500 full-time roles will go if the proposed changes go ahead.

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.