Published on Wednesday, October 16, 2019

Thomas Cook failure impacts jobs market

Thomas Cook's collapse has impacted the number of new travel candidates entering the market but also the number of vacancies.

The latest C&M Travel Salary Index for September, which included the week immediately after the company went into liquidation, showed a 14% year-on-year rise in the number of new candidates registering for roles.

There was also a 9% jump in the number of new travel vacancies being created, with many companies in the industry looking at the opportunity to take on some of Thomas Cook's best employees.

Placements also rose in September, up 16% compared to the same month in 2018.

"The increase in new candidates last month following the dreadful Thomas Cook news was almost inevitable, but what's great to see is the rise in vacancies with many companies recognising the wealth of talent currently available and creating new opportunities for them," said Barbara Kolosinska, director at C&M Travel Recruitment and C&M Executive Recruitment.

"For those staff who were made redundant and haven't found a new role yet, we advise them to continue to apply for roles, send your CV directly to travel companies as well as to recruitment agencies, use your existing contacts in the industry and attend the various open days and recruitment events that are being held across the country."

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