Thomas Cook Buyers Pledge To Save Jobs 10/11/2019

Thomas Cook Buyers Pledge To Save Jobs 10/11/2019

Hays Travel, the United Kingdom booking agent that's buying 555 shops from Thomas Cook Group said the stores can turn profitable without the hefty airline costs that helped bring down the 178-year-old tour operator.

Hays Travel, it would also 421 of the former staff of Thomas Cook have been hired, and plans more hires, writes Sky News.

The travel agent went bust in September, but now a rival has bought out the high street stores and protected numerous jobs.

"Not only do they gain some of the highly regarded former Thomas Cook staff, they will also earn a lot of goodwill from former loyal Thomas Cook customers", he explained.

John Hays, who set up the the company 40 years ago, said: "It is a game-changer for us, nearly trebling the number of shops we have and doubling our workforce - and for the industry, which will get to keep some of its most talented people".

U.K.travel company Thomas Cook has been purchased by its rival and will be rebranded Hays Travel.

"We are looking to employ as many Thomas Cook staff as possible and we are reaching out to them".

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Household name Thomas Cook, which went bankrupt overnight last month, was the biggest holiday company in Britain with both a tour operator and airline division.

Chairperson Irene Hays said: "Thomas Cook was a much-loved brand and a pillar of the United Kingdom and the global travel industry".

David Chapman, director of the Official Receiver, remarked that the sale "represents an important step in the liquidation process, as we seek to realise the company's assets".

Thomas Cook was placed in compulsory liquidation on September 23rd and their closed shops will be stripped and re-branded as Hays Travel stores, with some re-opening as early as today.

"In the last two weeks we have already employed or offered jobs to around 600 former Thomas Cook colleagues, and it has been a very emotional experience for them".

"It's a good thing for those working in those Thomas Cook shops", Tanzer told me before he hurried back to his group.

"I'm very proud of the fantastic team who have helped me build Hays Travel over nearly 40 years, and they have worked tirelessly over the last couple of weeks to bring this about". Past year the company reached £1bn in sales.

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