BREAKING NEWS: Thomas Cook to close 195 high street stores

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THOMAS Cook is to axe up to 2,500 jobs after the holiday company announced plans to close 195 of its high street stores as part of a UK wide restructure.

The holiday firm, which has a travel agents at the Promenades Shopping Centre, in Bridlington, has today confirmed that it has entered a 90 day consultation process with a number of its UK employees as part of the next phase of a three-year programme to “transform its operations”.

Peter Fankhauser, Thomas Cook UK & Ireland’s CEO, said: “It is never easy to make decisions that impact directly on our people, but we also owe it to our customers to shape the business effectively and ensure that, when they book their holiday with us, our administrative costs are as low as possible.

“As we improve and develop our online capabilities, maintaining a strong presence on the High Street is an important part of our omni-channel strategy.

“Even after these changes we will still have one of the largest retail networks in UK travel.”

Of the 15,000 Thomas Cook employees across the UK, around 2,500 full-time roles will go if the planned changes go ahead.

A spokesperson for Thomas Cook told the Free Press that as staff were being informed of the store closures today they were not yet in a position to say if the Bridlington branch would be affected.

The company has 1,069 stores in the UK, making it the largest high street travel retailer.