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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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Union 'shocked' and 'angry' at Thomas Cook jobs axe

The Transport Salaried Staffs Association, which represents Thomas Cook employees, said it was "shocked and angry" at the scale of the job losses.

Thomas Cook has announced it will be axing 2,500 jobs in the UK. Credit: Press Association.

General secretary Manuel Cortes said: "This constant policy of slash and burn, with the axing of one in four stores and the loss of jobs, is simply self-defeating.

"The company needs new products if it to come to come to terms with the age of the internet and prosper in the 21st century.

"That is the only way to stop this spiral of decline which repeated bad management decisions over the past five years has led them."

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