07 March 2013
Thomas Cook announces 2,500 UK redundancies
Thousands of UK employees at the world's oldest travel company are facing redundancy, it has emerged.
Thomas Cook has announced 2,500 job cuts from its full-time workforce in the coming months as it continues its three-year restructuring programme.
At present, the company has 1,069 stores across the country and the plans unveiled yesterday (March 6th) include provisions to close 195 of these branches, which will result in 2,500 of its 15,500-strong staff pool losing their roles.
Explaining this decision, the firm indicated that these reforms are essential to make sure its back-office costs are not passed on to customers.
The majority of the branch closures will occur in communities where there is more than one Thomas Cook outlet.
Peter Fankhauser, chief executive officer of the organisation in the UK and Ireland, commented: "It is never easy to make decisions that impact directly on our people … we are in consultation with our unions and employee representative bodies to minimise the impact of these changes."
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Posted by Chris Stevenson