Thomas Cook future unclear

PUBLISHED: 14:31 06 March 2013

Somerset Square

Somerset Square

Archant

THE long-term future of Thomas Cook in Nailsea has been thrown into doubt.

The firm has announced plans to close 195 on the 1,069 stores it currently operates.

Around 2,500 jobs will go too, although the majority of these will be back office staff members.

So far the travel company has not confirmed which of its stores will close, but it could jeopardise the future of the shop in Nailsea’s Somerset Square.

Thomas Cook announced pre-tax losses of more than £480million last September.

Its continental Europe and UK chief executive, Peter Fankhauser, said Thomas Cook would continue to have a High Street presence across the country.

He 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.”


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