The Guardian view on Thomas Cook: wiped out by debt | Editorial

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Editorial: That the oldest holiday company in the world has gone bust is a cause for anger as well as regret – and a grim portent of what lies ahead

The collapse of Thomas Cook, the world’s oldest holiday company, is most obviously a disaster for its 21,000 European employees – 9,000 of whom work in the UK. It may also prove fatal for some of the hotels and other businesses that relied on it for customers. And while having a holiday ruined is not as bad as losing a job, the inconvenience faced by 150,000 British tourists who are now overseas should be treated seriously.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Guardian view on Jeremy Corbyn’s Labour: it should be a broad church | EditorialEditorial: The Labour leader ought to be true to his ideological roots and must not attempt to force members to back his Brexit policy on the back of trade union votes Could swear my card says democratic socialist party Not broad church of liberals and conservatives The guardian view on Jesus: Spends too much time with prostitutes and has no opinion on Fleabag. Broad church means more centrists and fuck that.
Source: The Guardian - 🏆 84. / 53 Read more »

LIVE: Dream holidays in tatters as Thomas Cook collapsesA look back at the troubled history of Thomas Cook. 🔴November 2011 the company was bailed out by banks 🔴May 2019 Thomas Cook reported a £1.5bn loss 🔴September 2019 the firm ceases trading Follow live reaction to the ThomasCook collapse here: And now Labour are saying the government should have spent £200m bailing them out, only to have them need even more funding in a couple of months' time? Another small insight into the reckless, illiterate nature of Corbyn's party. With the last 5 years seeing massive million pound bonus to management.
Source: SkyNews - 🏆 35. / 67 Read more »

We were held 'hostage', say Thomas Cook customersThomas Cook customers in Tunisia say a hotel is demanding extra fees before letting them leave. It gives them something other than their holiday snaps to bore their friends rigid with doesn't it. poor little darling princesses 😙😙😙 pull every fire alarm in the hotel Send in the british military to rescue our citizens from these foreign captors.
Source: BBCNews - 🏆 3. / 97 Read more »

LIVE: Thomas Cook: Biggest peacetime repatriation beginsBREAKING: 'We have not been able to secure a deal to save our business' - Chief executive of Thomas Cook Group, Peter Fankhauser apologises to the company's 'heartbroken' staff and customers. Get the latest on the ThomasCook collapse here: This will have a knock-on effect to all the 'cheap' package holiday companies now...all fall down like dominoes. Let’s be honest, it isn’t difficult to book hotels and flights without paying commission to Thomas Cook etc. My wife had worked for the Thomas cook airline for over 20 years , very disappointed in Boris Johnson’s reaction to this sad news ! After all it’s partly his fault ...
Source: SkyNews - 🏆 35. / 67 Read more »

Thomas Cook collapses and enters liquidationTravel giants Thomas Cook have gone bust - stranding 150,000 Brits and making 9,000 redundant Civil aviation authority confirmed. Thomas cook has collapsed effective 2am BST Johnson and his sociopathic government need to hang their heads in shame. But they won't! They did NOTHING to save trashed holidays and an iconic name in the travel business! Shameful and will NEVER ever be forgiven or forgotten! But they don’t though do they!... they’re just thinking British government caaching!
Source: The Mirror - 🏆 136. / 51 Read more »

Thomas Cook collapse signals 'largest peacetime repatriation in history'The Civil Aviation Authority is organising 'Operation Matterhorn' in response to the collapse of Thomas Cook Soon to be followed by British citizens abroad who lose their right to remain....
Source: The Mirror - 🏆 136. / 51 Read more »