26/06/2007

Thomas Cook announces closure of 150 stores

Travel agent Thomas Cook has announced plans to close 150 stores and six offices, in a move, which is expected to cost around 2,800 jobs.

According to reports, sites in Rochdale, Birmingham, Manchester, Denton and Helmshore are among those set to close.

Thomas Cook recently completed a £2.8 billion merger with MyTravel and said that the closures would help the companies to cut around £95 million in costs.

Ina statement, Thomas Cook said that it would seek to offer alternative jobs elsewhere in the company to those affected by the closures.

(KMcA)

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