Thomas Cook 'set to close 200 high street stores'

PA

Holiday bigwig Thomas Cook is making plans to close 200 shops across the UK, according to reports.

Following one of its worst financial years ever - which the company blames on the unrest in countries previously popular with British holidaymakers like Egypt, as well as the UK's economic downturn - the final decision will be announced after a review on Thursday.

The company already announced the closure of 24 shops earlier this year, but now it seems the restructure is set to be a lot bigger than previously thought.

A closure of 200 travel agents would affect around 1,000 jobs, at at time when unions are already threatening industrial action over plans to cut 250 cabin crew jobs on Thomas Cook's airline.

According to The Sun, Thomas Cook sells 22.5 million holidays in Britain a year.

But experts suggest its focus on package deals is wrong, and that they are also too expensive.


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