Egypt Tourism

Published on Friday, June 14, 2019

Thomas Cook reassures unions amid Fosun talks

Thomas Cook has made 'reassuring noises' on the subject of job losses amid takeover talks, say union bosses.

The 175-year-old travel company confirmed earlier this week that Club Med's Chinese owner Fosun Tourism Group is in talks to buy its tour operation.

TSSA general secretary Manuel Cortes said he was encouraged by discussions with Thomas Cook over the future of its retail business in the wake of the talks.

"We have had several discussions with Thomas Cook over the past few days and it's fair to say reassuring noises have been made on the question of potential job losses," said Cortes.

"I'm pleased to say that we will continue holding regular discussions with the company and will update our members as required. Their futures are our number one priority.

"Thomas Cook is a cornerstone of our high streets and we hope, sooner rather than later, to see this institution put on a sound financial footing once again for the good of all concerned.

"Of course the ongoing uncertainty at Thomas Cook is unsettling for our members and we urge all employees to join our union as this is the best and only way to protect themselves."

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