Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Administrative Services
Travel Agency, Tour Operator And Other Reservation Service And Related Activities
Travel Agency And Tour Operator Activities
79.1 - Travel agency and tour operator activities

210 jobs
Number of planned job losses
Job loss
360 jobs
Number of planned job creations
Job creation
Announcement Date
6 March 2018
Employment effect (start)
Foreseen end date

Description

Travel agency Thomas Cook has announced plans to close 27 shops and remove the role of cluster manager, resulting in the loss of 210 jobs. These latest plans also include the creation of 360 new dedicated store manager roles after a successful pilot scheme in 2017. The latest store closures are seen as continued restructuring following the take-over of the co-op travel brand and the move towards a single brand by November 2018. There is no information available on the timescales for either the job creation or of the redundancies.

The travel agency previously announced store closures in 2017 with the loss of 400 jobs.


Sources

  • 6 March 2018: Travel Weekly

Citation

Eurofound (2018), Thomas Cook, Internal restructuring in United Kingdom, factsheet number 93713, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93713.