Thomas Cook Expected To Close 200 Branches But Holidaysplease Are Always Looking To Expand Their Team

It looks as though more of our fellow travel agents will be losing their jobs this week as it was announced today that Thomas Cook is the next travel company looking to restructure and cost-save. Europe’s second largest travel group is expecting to close 200 of its 1,350 travel agency branches making many people jobless just before for Christmas.

An estimated 1,000 jobs will be at risk as Thomas Cook review the business and its financial results with those affected being told on Wednesday. This comes after last month’s event which forced the travel group to arrange a new £200 million revolving credit facility with 17 lenders. 

Thomas Cook have described the reports as a speculation and have yet to confirm whether jobs are at risk. Nevertheless Morgan Stanley analysts have commented that restructuring costs and redundancy payments will set the company back £100 million.

HolidaysPlease are always looking for professional travel consultants to join their friendly team. With our homeworking vacancies you can enjoy great flexibility whilst achieving a higher level of reward than working in a high street travel agent. For further information visit our job vacancy section.

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