Travel firm Thomas Cook said today that it will slash 2,500 jobs in Britain as part of its restructuring plans.
The cuts comprise 16 per cent of the group’s total workforce of 15,500 people in Britain and Ireland.
“As part of its ongoing business transformation, Thomas Cook Group plc today began a consultation process to restructure its UK business,” the British company said in a statement.
“Subject to that consultation, this process would see the group’s UK workforce reduced by 2,500 full-time roles, mostly in back-office functions and its retail network, including some store closures.”
The news came two days after Thomas Cook announced that it had decided against selling its loss-making French division.
Thomas Cook had posted annual losses of almost £586 million ($ 882 million, € 678 million) in November.