Thomas Cook

[SWP's back]

Extremely bad news for a number of businesses
I loved holidaying in Lesbos and Thomas Cook was the only UK airline servicing the island
An awful lot of the taverna owners in the resort we stayed at were already on the edge, so this could finish them

You are worseleywebs ex Mrs and I claim my £5.

 

[denislawsbackheel]

Best thing the Gov could do is 9000x $25k Redundancy packages@ $225m. Let 9000 be absorbed into other jobs. VS $1.5BILLION Debt of a failing going concern business that is too big to turn. Its easy Math.

Hopefully someone picks up the Brand for £1 and offers a small part of the business like the Sentido Hotels or transatlantic flights.

the max possible redundancy payment is £15K for someone with 20 years experience.

is there any brand anyone would want though?

No one will want the travel agencies and the airline only owned 5 aircraft. The other 38 have gone back to the owners who leased them to TC.

 

[SWP's back]

the max possible redundancy payment is £15K for someone with 20 years experience.

That’s for statutory redundancy pay. There’s no maximum that an employee can be paid.

 

[denislawsbackheel]

It’s the most any TC employee can expect, which is what this thread is about.

 

[SWP's back]

It’s the most any TC employee can expect, which is what this thread is about.

I thought UUUJBlue was more suggesting that the government top up the remainder and lay everyone £25k which was unrealistic.

 

[UUJblue]

I thought UUUJBlue was more suggesting that the government top up the remainder and lay everyone £25k which was unrealistic.

Best they could hope for. Even subsidized employment or education skills for the next 1-3 years would be good. Offer free education for certain career paths that we are short of people in the UK.

 

[Ifwecouldjust.......]

Some of us don’t want taxpayer money squandered on propping up shit companies.

Funny that .... because everyone who works for a 'shit' company and is on housing benefit , tax credits , Child support , free school meals etc etc is propped up by the taxpayer whilst their employers trouser millions (if not billions ) in profit and pay next to no tax (ASDA AMAZON BOOTS TESCO SAINSBURYS MORRISONS etc etc etc )

 

[Ifwecouldjust.......]

Your pm...

Not mine

 

[sir baconface]

Funny that .... because everyone who works for a 'shit' company and is on housing benefit , tax credits , Child support , free school meals etc etc is propped up by the taxpayer whilst their employers trouser millions (if not billions ) in profit and pay next to no tax (ASDA AMAZON BOOTS TESCO SAINSBURYS MORRISONS etc etc etc )

Yeah, horrible companies all of those - run by vile, rapacious capitalists. The bastards only contribute (directly or indirectly) billions in wages, National Insurance, Income Tax, Corporation Tax (well some of them) and VAT. Oh, and provide training and careers.

Never mind. Corbyn can nationalise them when he gets in. He and his bin dipper lieutenant would be to retail management what Rattus and Chuckle 2 were to football management.

 

[Ifwecouldjust.......]

Yeah, horrible companies all of those - run by vile, rapacious capitalists. The bastards only contribute (directly or indirectly) billions in wages, National Insurance, Income Tax, Corporation Tax (well some of them) and VAT. Oh, and provide training and careers.

Never mind. Corbyn can nationalise them when he gets in. He and his bin dipper lieutenant would be to retail management what Rattus and Chuckle 2 were to football management.

You do realise that Wetherspoons woudn't exist without the state subsidisation of its staff ... whilst Tim Gammon trousered over £1 million in personal wages

 

[Blue Mist]

You do realise that Wetherspoons woudn't exist without the state subsidisation of its staff ... whilst Tim Gammon trousered over £1 million in personal wages

You do realise that the government could raise the living wage to £15 an hour quite easily if it wanted to. But then you would moan like fuck when the prices went up, shops shut and businesses went bust because they couldn't afford to keep running. This thread is about Tommy Cooks, it didn't make money in part because it kept people employed in shops when nobody was going in them. 3 staff on £7.50 an hour, business rates, electricity, insurance, it was totally stupid to keep them going. It was a basket case that could not be saved.

 

[sir baconface]

You do realise that Wetherspoons woudn't exist without the state subsidisation of its staff ... whilst Tim Gammon trousered over £1 million in personal wages

And do you realise the annoying Aldi pop-ups contain more useful information?

If you can do the total “balance sheet” on Wetherspoons, demonstrating whether they are a net beneficiary or net parasite to the UK economy, I will listen.

 

[kippaxwarrior]

Hays Travel have bought all 555 Thomas Cook retail outlets. Could save around 2500 jobs

 

[denislawsbackheel]

For a couple of years

 

[TheRemainsOfTheDave]

Hays Travel have bought all 555 Thomas Cook retail outlets. Could save around 2500 jobs

Short term it's good news but I expect the announcement within a few months of about half to 2/3rds being shut. Surely they'd be better utilizing pop up stalls like Sky do in places like the Trafford Centre.

 

[UUJblue]

Hays Travel have bought all 555 Thomas Cook retail outlets. Could save around 2500 jobs

Did they buy the brand or just take the leases of the stores. Sounds risky in my opinion in regards to the current travel industry and the store assets was def one of their downfalls. Not sure why Hays wanted to triple in size overnight....I could understand buying some key parts of the business or profitable stores...

 

[inbetween]

Did they buy the brand or just take the leases of the stores. Sounds risky in my opinion in regards to the current travel industry and the store assets was def one of their downfalls. Not sure why Hays wanted to triple in size overnight....I could understand buying some key parts of the business or profitable stores...

It'll be the leases, they'll cherry pick the stores that would do them well and try to pickup the old staff along the way.

Thomas Cook as a brand does not exist anymore as they went into liquidation and not administration.

 

[TheRemainsOfTheDave]

It'll be the leases, they'll cherry pick the stores that would do them well and try to pickup the old staff along the way.

Thomas Cook as a brand does not exist anymore as they went into liquidation and not administration.

This article suggests the brand can be saved ...
https://www.marketingweek.com/thomas-cook-brand/

 

[Blue Mist]

Will we now have Hays Travel flying us lot around Europe now ?

 

[Sir peace frog]

more job losses at the airport, company called Aviator is closing on the 22nd,(handled the tommy cook contract )and that will mean lots of people out of work, hopefully a lot will be absorbed back into the airport but not all of them will be needed sadly .