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Thomas Cook to close a further 27 stores

Operators
Sophie Griffiths
6 March 2018

Thomas Cook has proposed the closure of 27 stores affecting 183 staff, while 210 roles are set to separately be placed under consultation as the group continues its move to reintroduce dedicated managers in every store.

Margins 'weak' due to heavy discounting

The move follows a trial scheme announced in September, which saw Cook axe 18 cluster manager roles in six regions and replace them with store managers.

In a statement released this week Cook said it had subsequently “seen an improvement in performance” within these regions, resulting in the move being rolled out nationally. The latest restructure includes proposals for the creation of 360 new store manager roles.

Cook added that the decision to axe the cluster manager roles reflected the “change in Thomas Cook’s retail landscape”, and that the company now had a reduced number of stores since cluster managers were initially introduced in 2013.