LONDON — Hays Travel, an impartial British journey agent, mentioned on Wednesday that it had purchased all 555 shops of Thomas Cook, one of the world’s oldest tour corporations, which collapsed final month.
More than 25 % of all former Thomas Cook workers who labored in retail have been employed because of this of the deal, which is anticipated to avoid wasting as much as 2,500 jobs, Hays mentioned in an announcement. The transfer will come as a significant reduction to many who discovered themselves unemployed in a single day after Thomas Cook’s disintegration.
“Thomas Cook was a much-loved brand and a pillar of the U.K. and the global travel industry,” Irene Hays, the chairwoman of Hays Travel Group, mentioned within the assertion. “We will build on the good things Thomas Cook had — not least its people — and that will put us in even better stead for the future.”
The firm mentioned it could add the previous Thomas Cook places to the 190 shops that Hays already owns throughout Britain.
Hays mentioned that within the rapid aftermath of the collapse of Thomas Cook, which left about 150,000 travelers from Britain in limbo, it had offered jobs to more than 600 of the defunct company’s employees.
Thomas Cook was placed in compulsory liquidation on Sept. 23.
Hays said it had worked with the British Civil Aviation Authority, which was responsible for repatriating those stranded abroad, to support travelers.
John Hays, Hays’ managing director, said the acquisition was a leap forward for his company.
“It is a game changer for us,” he said, “almost trebling the number of shops we have and doubling our work force — and for the industry, which will get to keep some of its most talented people.”