Hundreds of Thomas Cook jobs still under threat despite rescue deal from Hays Travel
Hundreds of Thomas Cook employees could still lose their jobs, despite a rescue deal from Hays Travel.
Almost a tenth of the 555 former Thomas Cook shops, which were snapped up by Hays this week, are within 100m of the buyer’s existing estate.
Hays had 190 outlets already, and 49 Thomas Cook stores are within 100m of one, according to analysis from the Local Data Company.
Jobs threat: Almost a tenth of the 555 former Thomas Cook shops, which were snapped up by Hays Travel this week, are within 100m of the buyer’s existing estate
And 76 of the rescued shops are within a kilometre of a Hays store – which could mean a slew of closures.
Meanwhile, MPs will grill Thomas Cook’s former bosses next week over its collapse last month.
Frank Meysman and Peter Fankhauser, who were chairman and chief executive when the 178-year-old travel operator went down last month, will appear before the business select committee on Tuesday.
MPs will quiz them over the failed rescue of Thomas Cook, how the company was managed, its £1.7billion debt pile and executive pay.