Thomas Cook jobs at risk

Management will be travelling to different Thomas Cook sites tomorrow around country to reveal which stores will be hit.

• Business
• Thomas Cook

Grim news from Thomas Cook - 2,500 jobs going as part of restructure - some stores will close. Sources at Thomas Cook insist this is about changing the structure of the business to secure it for future, not the start of its decline: "We're trying to do it in one go."

They're cutting 195 stores from 1,069 - 2,500 staff going down to 13,000 from 15,500. Job cuts are not a massive surprise - £590m losses just before Christmas and new-ish boss making big changes.

• Business
• Thomas Cook
• 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.

• UK
• Thomas Cook