Monday, 21 October, 2019

Hays Travel to take over 555 Thomas Cook shops

Natasha Walker and Nicola Lotts have joined Premier Travel in Bishop's Stortford after losing their jobs at Thomas Cook Natasha Walker and Nicola Lotts have joined Premier Travel in Bishop's Stortford after losing their jobs at Thomas Cook
Russell Knight | 12 October, 2019, 13:59

It comes as news yesterday (Wednesday 9th October) that 2,500 employees in the firm's high street shops across the country will have their jobs saved after Hays Travel stepped in to purchase the stores.

The Sunderland-based travel company has already taken on 421 members of Thomas Cook's 9,000 United Kingdom staff since it went out of business last month, and it is hoped the Channel Street outlet will now be in line to reopen.

We are delighted that Hays Travel has been successful in acquiring all of the Thomas Cook shops in the United Kingdom meaning that we can now offer opportunities to more people.

A note to customers left by staff at Thomas Cook in Galashiels after its closure.

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Founder John Hays 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".

He also confirmed the Thomas Cook brand would disappear from the British high street and will be replaced by Hays.

Thomas Cook's demise was the result of a multitude of factors, but at the core was a mountain of debt that was just too costly to service.

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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".

The company also offered jobs to over 600 former Thomas Cook employees and offered to help all of the Thomas Cook apprentices to complete their training at the Ofsted accredited Hays Travel Academy.

Jim Tucker, partner at KPMG and joint special manager of Thomas Cook's retail division, added: "This is an extremely positive outcome, and we are delighted to have secured this agreement".

"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".

In this photo taken on 12 July 2019, a sign is pictured at a branch of a Thomas Cook travel agent's shop in London.

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

Frank Meysman and Peter Fankhauser, who were chairman and chief executive when the 178-year-old travel operator went down last month, will appear before the business select committee on Tuesday.

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