EMCC European Monitoring Centre on Change

Thomas Cook

Company/Organisation:
Thomas Cook

Geographic Location

Country: United Kingdom
Location of affected unit(s): Rochdale; Birmingham; Manchester

Company

Sector: Administrative services
Administrative and support service activities
79 - Travel agency, tour operator and other reservation service and related activities
Number Employed: 18500

Employment Effects

Announcement Date: 26-06-2007
Planned Job Reductions min: 2800
Planned Job Reductions max: 2800
Type of Restructuring: Internal restructuring

Additional Information

Travel company Thomas Cook is to cut as many as 2,800 jobs. The firm, which currently employs 18,500 poeple, recently completed a 2.8 billion GBP merger with rival MyTravel, saying the deal would help the firms cut costs. 150 stores and 6 offices will be affected by the decision. Sites in Rochdale, Birmingham, and Manchester are among those to close. Thomas Cook said that it would look to find jobs elsewhere in the firm 'where possible' for the affected workers. 'As many as possible of those whose roles are potentially affected by today's news will be offered the opportunity for redeployment within the business,' said Manny Fontenla-Novoa, the company's joint chief executive. 'We will do everything we can to support those employees who are affected through the next few months.' Chris Fletcher, policy director at Greater Manchester Chamber of Commerce called the move a 'blow for Greater Manchester and Rochdale in particular'. 'MyTravel is a major employer in the area and has had a long-standing association with the area for over 30 years,' he said.