Hays Travel Buys Thomas Cook Stores, Saving Thousands of Jobs

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.

Source link Nytimes.com

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