Thomas Cook Group commences consultation process for restructure of its UK business

Thomas Cook Group commenced (06-Mar-2013) a consultation process for the restructure of its UK business. The Group said subject to the consultation, the restructure would see 2500 full-time positions cut, mainly in back-office functions and in its retail network, The restructure will also see some store closures. Thomas Cook Group currently employs 15,500 people across the UK and Ireland. Thomas Cook Group CEO for Continental Europe and UK Peter Fankhauser said, "It is never easy to make decisions that impact directly on our people, but we also owe it to our customers to shape the business effectively and ensure that, when they book their holiday with us, our administrative costs are as low as possible". The Group will consult with employee unions to minimise the impact of the Group's restructuring. [more - original PR]