logo
Share SHARE
FONT-SIZE Plus   Neg

Thomas Cook Group To Restructure UK Business; Workforce To Be Reduced By 2500

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
United Parcel Service, Inc. has started to test the use of drones to make commercial deliveries of packages to remote or difficult-to-access locations. On Thursday, the package delivery giant and drone-maker CyPhy Works staged a mock delivery of urgently needed medicine from Beverly, Massachusetts to Children's Island, which is about three miles off the Atlantic coast. Luxury electric car maker Tesla Motors Inc. (TSLA), Thursday filed a lawsuit against state officials over its right to sell vehicles directly to consumers in Michigan. The lawsuit has been filed against Governor Rick Snyder, Secretary of State Ruth Johnson and Attorney General Bill Schuette as defendants. Tesla... e.l.f. Beauty (ELF), a maker of cosmetic products, priced its initial public offering above its target range and raised about $141 million. The Oakland-based company opened sharply up on Thursday's trading on the New York Stock Exchange. The company said it sold about 8.3 million shares at $17 in...
comments powered by Disqus
Follow RTT