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Holiday firm Thomas Cook to cut 195 stores

by - Business Editor

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.

Task force set up to help workers at Carmarthenshire factory

A task force is to be set-up to support workers at the Dewhirst factory at Capel Hendre which is due to close leaving 114 people unemployed.

Carmarthenshire County Council says it is speaking with the distribution company – which stores clothes for Marks and Spencer - to offer support in finding alternative employment or training for its workers. The council says it is hoping to find another tenant for the building.

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Over 100 jobs to be lost in Mold

A hundred and seventeen jobs will be lost at Jeyes cleaning supplies factory in Mold, it's been announced.

A spokesperson said the factory will close early next year with production transferring to Norfolk.

It follows a lengthy and thorough strategic review of Jeyes’ global operations, announced to staff in December 2011.

We recognise that this decision will come as a great disappointment to our loyal and hard working staff, who have maintained consistently high standards throughout this review period.

We will continue to consult with, inform and support our staff through the closure programme and will work with unions and local authorities as appropriate.

– Nicholas Goodwin, Chief Financial Officer, Jeyes Group

Almost a quarter of Welsh youngsters out of work

The latest unemployment figures show that nearly 24 per cent of Welsh people in their late teens and early 20s are out of work - one of the highest rates in Britain.

It contrasts with the general trend, where unemployment has dropped across Wales.

In the three months to April unemployment fell by two thousand to 132,000 - a rate of nine per cent.

Our business correspondent Carole Green has been finding out why young people are having such a tough time - and what's being done to help them.

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