Thomas Cook shop, Stiirling, 11-13 Murray Place, Stirling,Scotland, UK, FK8 1DQ
Image details
Contributor:
Tony Smith / Alamy Stock PhotoImage ID:
2AERR7GFile size:
43.8 MB (2 MB Compressed download)Releases:
Model - no | Property - noDo I need a release?Dimensions:
4608 x 3324 px | 39 x 28.1 cm | 15.4 x 11.1 inches | 300dpiDate taken:
21 October 2019Location:
1-13 Murray Place, Stirling,Scotland,UK, FK8 1DQMore information:
Thomas Cook Group plc was a British global travel group. It was formed on 19 June 2007 by the merger of Thomas Cook AG (itself the successor to Thomas Cook & Son) and MyTravel Group.[9] The group operated in two separate segments: a tour operator and an airline. It also operated travel agencies in Europe. On 23 September 2019 Thomas Cook Group and all UK entities went into compulsory liquidation. Thomas Cook was listed on both the London Stock Exchange and the Frankfurt Stock Exchange. The Thomas Cook Group ceased trading on 23 September 2019. Approximately 21, 000 worldwide employees were left without jobs (including 9, 000 UK staff) and 600, 000 customers (150, 000 from the UK) were left abroad, triggering the UK's largest peacetime repatriation. After the collapse, segments of the company were purchased by others, including the travel stores in the UK, the airlines, the Thomas Cook name and logo, the hotel brands and the tour operators. In February 2019, the Financial Times newspaper said that the Thomas Cook Group had received bids for its airline business, which includes Condor, and also the company as a whole. In March 2019, Thomas Cook UK announced 21 travel office closures and the redundancy of 300 staff, justifying the decision with the fact that 64% of bookings had been made online in 2018 On 9 October 2019, independent travel agent Hays Travel announced that it had acquired all 555 former Thomas Cook travel stores in the UK, and planned to re-employ a "significant number" of former employees. Hays, which already operated 190 of their own stores, expected to retain over 25% of the retail staff, saving roughly 2, 500 jobs