Thomas Cook Group plc (TCG.L) announced it has begun a consultation process to restructure the company's UK business. The move is as part of the company's ongoing business transformation. Thomas Cook said, subject to the consultation, the process would see the Group's UK workforce reduced by 2500 full-time roles, mostly in back-office functions and its retail network, including some store closures. Thomas Cook Group currently employs 15,500 people across the UK & Ireland.
The company noted that the cost benefit of the changes, and the costs of achieving them, have already been included in the cost-out numbers previously announced.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.