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Thomas Cook to cut 2,500 jobs in UKBritish travel firm Thomas Cook said it would cut 2,500 jobs from its UK workforce as part of its plans to restructure the business. Most of the job losses would be in back-office functions and its retail network, and would involv More… |
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Thomas Cook appoints new CEOThomas Cook on Thursday said current premier Farnell boss Harriet Green would succeed Sam Weihagen as chief executive of the debt-laden tour operator at the end of July. Green has been chief executive of Brit More… |
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Thomas Cook close to $1.9bn lifelineThomas Cook is close to securing a 1.2 billion pounds ($1.90 billion) lifeline from its lenders to secure the future of the world's oldest travel company which issued three profit warnings last year, the Sunday Times reported. More… |
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Thomas Cook quits 500 hotels, axes shopsThomas Cook will close 200 underperforming shops and 500 hotels and is lining up further disposals, as it battles to cut debt and restore confidence among investors and customers after a bailout by its banks. The world's oldest travel More… |
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Economy may hit German holiday spendingUncertainties caused by the euro zone debt crisis and a stuttering global economy could hit spending next year on holidays by Germans, the world's top spenders on trips abroad, a German travel association said. More… |
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Thomas Cook, ADAT in 5-year maintenance dealAbu Dhabi Aircraft Technologies (ADAT), has signed a five-year agreement to conduct airframe heavy maintenance for Thomas Cook’s Boeing 757 fleet. ADAT is part of Mubadala Aerospace’s global MRO network, which includes SR Technics. Both AD More… |
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Thomas Cook eyes Mideast, India acquisitionsTravel firm Thomas Cook has said it was spending up to 249 million euros ($384 million) on acquisitions in India and the Middle East as part of a drive to expand in fast-growing emerging markets. Europe's second-biggest travel firm, creat More… |
