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Thomas Cook to cut hundreds of jobs
Thursday October 11th 2012
Around 430 Thomas Cook jobs are at risk following the struggling tour operator's decision to slash costs by cutting its aircraft fleet.
The company is planning to reduce the number of planes it operates from 35 to 31, returning four aircraft at the end of their lease term.
Thomas Cook warned that the plan, which will be put to consultation, is expected to hit 430 staff, including pilots and cabin crew.
As the UK's second-biggest travel company, Thomas Cook's air travel division currently employs just over 3,100 staff.
The group was recently forced to take out £200 million in additional loans, and has scaled back the size of its airline in the past year, entering into a partnership with easyJet.
"This is a very difficult decision, but necessary to deliver a successful transformation and build a sustainable business for the future, which will continue to offer opportunities for the 2,700 people employed with us after these proposed changes," said Christoph Debus, group head of air travel at Thomas Cook.
However the company confirmed that its own airline, which last year flew 6.8 million passengers, will continue to serve all of its major routes.
Copyright Press Association 2012
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