Thomas Cook announces job cuts and store closures
TRAVEL group Thomas Cook has announced it will cut 2,500 jobs in the UK and close some stores.
The company, which has stores across Derbyshire, said that majority of the job losses would come from its “back-office functions and retail network”.
Thomas Cook has a store in St Peter’s Street, Derby - as well as outlets in Alfreton, Matlock, Ripley and Burton.
It is not yet known which stores have been earmarked for closure.
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For the last financial year to September, the firm reported pre-tax losses of £485.3 million, blaming a “difficult trading environment” and higher fuel costs.
Chief executive for Europe and the UK Peter Fankhauser said: “It is never easy to make decisions that impact directly on our people, but we also owe it to our customers to shape the business effectively and ensure that, when they book their holiday with us, our administrative costs are as low as possible.”