EMCC European Monitoring Centre on Change

Thomas Cook

Company/Organisation:
Thomas Cook

Geographic Location

Country: United Kingdom

Company

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

Employment Effects

Announcement Date: 14-12-2011
Planned Job Reductions min: 660
Planned Job Reductions max: 1000
Type of Restructuring: Internal restructuring
Employment Effect Start: 15-12-2011
Foreseen End Date: 31-12-2013

Additional Information

Thomas Cook, a British travel company and tour operator, has announced that it is to close 200 stores with the loss of between 660 and 1000 jobs in the UK. This follows last year's job cuts when Thomas Cook had announced cuts of 500 jobs by the end of 2010 (see here).

The announcement follows a pre-tax loss of £398m.

The staff has already been informed whether their Thomas Cook branch will be affected by the redundancies.