13°c Overcast
The Canadian Press - ONLINE EDITION
Thomas Cook considers 2,500 jobs cuts and 195 store closures in restructuring plans
A man walks past a Thomas Cook shop in London, on Dec. 14, 2011. THE CANADIAN PRESS/AP, Lefteris Pitarakis
LONDON - Vacation tour operator Thomas Cook says it is considering cutting about a fifth of its workforce as it enters the next phase of a three-year program to restructure its operations.
The company has suffered financially as it struggles to deal with competition on the Internet, where customers can book holidays online. The proposed 2,500 job cuts will affect both those who work in the back office and its retail network. The firm says it 195 outlets — many located on Britain's main shopping streets — are being considered for closure.
Chief Executive Peter Fankhauser says Thomas Cook owes it to customers to operate efficiently. The company says it is talking with unions and employee representatives to minimize the impact of the changes.
More Travel
- Back to Top
- Return to Travel
More Travel
(1 of 5 articles for today)
COMPASS - D2
1:00 AM 0Avalon River Cruises
JOIN Canada One Travel for an Avalon River Cruise presentation unlike any other. Learn about sailing on rivers ...
Poll
Most Popular Travel
- Delta strengthens its hand in battle for NY travel market with $1.4 billion JFK terminal
- Police: 18 injured in crash between shuttle bus, tractor-trailer near Atlanta airport
- Lost Australian cruise ship passenger remembered as hero who died attempting to rescue partner
- Bronx 'ghetto' tours stopped; angry residents say gritty community has survived its past
- These beaches have gone to the dogs; lucky pooches lap up the shoreline where they run free
- SeaWorld Orlando opens Antarctica - Empire of the Penguin exhibit with 250 birds
- Vacation in Iceland? Why not?
- The Galapagos are now just a click away: Google photographs famous islands for Street View
- Wasting away no more, Atlantic City's Resorts rebounds with $35M Margaritaville complex
- Americans plan summer vacations, but with incomes stagnant some families keep trips modest
- Brady Bunch kids to mark 40th anniversary popular episode shot at Kings Island
- Eruption of Alaska volcano prompts cancellations of some area commuter, cargo flights
- Delta strengthens its hand in battle for NY travel market with $1.4 billion JFK terminal
- Saudi man jailed after pressure cooker found in bags at Detroit Metro Airport seeks bond
- Man breaks world record by riding Ferris wheel at Chicago's Navy Pier for more than 48 hours
- Police: 18 injured in crash between shuttle bus, tractor-trailer near Atlanta airport
- 80-year-old Japanese extreme skier becomes oldest climber to reach summit of Mount Everest
- Chefs serve fine food, wine at Fenway Park to raise money for Boston Marathon bombing victims
- Drug offences, kidnap coverage concerning
- Breakaway is a beauty
- Nephew says arrest of Saudi uncle with pressure cooker at Detroit airport was misunderstanding
- Brady Bunch kids to mark 40th anniversary popular episode shot at Kings Island
- Eruption of Alaska volcano prompts cancellations of some area commuter, cargo flights
- Delta strengthens its hand in battle for NY travel market with $1.4 billion JFK terminal
- Saudi man jailed after pressure cooker found in bags at Detroit Metro Airport seeks bond
- Trailer-park temptations
- Vacation in Iceland? Why not?
- Man breaks world record by riding Ferris wheel at Chicago's Navy Pier for more than 48 hours
- Police: 18 injured in crash between shuttle bus, tractor-trailer near Atlanta airport
- 80-year-old Japanese extreme skier becomes oldest climber to reach summit of Mount Everest
- B.C. mining museum features underground train ride, gold panning family fun
- Dive into your love affair with Belize
- Brown v. Board site to display black doll from race studies to mark ruling's 59th anniversary
- The true Cuba
- Scenic Tours has unique take on river cruises
- Brady Bunch kids to mark 40th anniversary popular episode shot at Kings Island
- A big helping of Bellingham
- B.C. mining museum features underground train ride, gold panning family fun
- Dive into your love affair with Belize
- Vacation in Iceland? Why not?
- Air Canada's new check-in deadline: 45 minutes before domestic departures
- Buenos Aires' endless nights
- Japan's Mount Fuji poised to be recognized as World Heritage site
- Small batches, big flavour
- NEEPAWA: Lily Capital of the World; home of literary legend
- Hey, baby
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.