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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.