Thomas Cook Buyers Pledge To Save Jobs 10/11/2019

Daniel Fowler
October 12, 2019

A major travel agency has agreed to buy more than 550 former Thomas Cook stores across the United Kingdom, securing the jobs of a "significant number" of the collapsed holiday giant's retail staff.

Hays has already recruited 595 former Thomas Cook staff and managing director John Hays said he will welcome "as many as possible".

According to the BBC, would have up to 2,500 jobs could be saved.

"I'm particularly proud to be able to commit to offering over 50 Thomas Cook captains the opportunity to join TUI Airways and continue to fly customers on their holidays".

Mr. Hays, who owns the business with wife Irene, said: "It is a game-changer for us, nearly trebling the number of shops we have and doubling our workforce - and for the industry, which will get to keep some of its most talented people".

The official receiver David Chapman added: "I am pleased to announce we have reached an agreement with Hays Travel to acquire Thomas Cook's entire United Kingdom retail estate, comprising 555 stores across the country".

The news comes following the collapse of rival Thomas Cook.

"We are looking forward to welcoming many more people who share our passion for the travel industry, into our family business".

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This news means that we can begin to re-open Thomas Cook stores, in their new Hays livery, from today.

Meanwhile, MPs will grill Thomas Cook's former bosses next week over its collapse last month.

We are very grateful to all our Hays Travel colleagues who have worked their socks off to help make this happen over the last two weeks.

Hays Travel will acquire the entire retail portfolio of 555 former Thomas Cook shops after it signed a deal with the Official Receiver and Special Managers from KPMG.

That is to be taken over by Hays Travel, the messages to British media outlets.

The Official Liquidator, when asked by AFP about the outlook for the sale of Thomas Cook's remaining assets, declined to comment - but added they would be sold "in the best interests" of its creditors.

In total, around 600,000 customers were left stranded following the collapse of the 178 year-old company less than three weeks ago, including around 140,000 who had been due to return to Germany.

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