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Thomas Cook ‘not planning major changes to operating model’

High street
James Chapple
31 May 2019

The TSSA transport union has welcomed assurances from Thomas Cook it is “absolutely committed” to retaining a high street presence, despite plans to further trim its retail network.

Margins 'weak' due to heavy discounting

TSSA general secretary Manuel Cortes said the union had sought clarity from Cook after the historic operator said in March it would look to shut another 21 stores, placing more than 300 jobs at risk.


This was compounded by Cook posting a £1.46 billion half-year loss earlier this month, which included a £1.1 billion write-down of assets relating to its 2007 merger with MyTravel.