Liquidation | Thomas Cook staff 'backstabbed' amid job losses

Thomas Cook staff 'backstabbed' amid job losses

This morning, the world woke to the sad news of the collapse of tour operating company Thomas Cook after the firm failed to secure hefty funding over the weekend – despite approaching the Government for financial aid – to plug the funding gap.

Subsequently, the firm has gone into liquidation, thousands of employees have lost their jobs and remain unsure about whether they will actually receive a pay cheque this month – the Scotsman reported.

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Comments (1)

  • Anna
    Anna
    Mon, 23 Sep 2019 5:35pm BST
    Not sure why everyone is blaming the government. Thomas Cook has not closed down in a responsible manner, they didn't need to just up sticks and go like that leaving everyone in the lurch. Their business model has been failing for a while now, this is not a surprise, the owners have been grossly negligent - it is not up to taxpayers to rescue every company. I wish the govt would rescue things like our steel industry and renationalise our utilities, that would be a better use of our money. It is sad to see such an old company fold - but perhaps it could come back in another guise, perhaps smaller and specialising in something.