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.