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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.

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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.

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