Thomas Cook set to axe 2,500 jobs

Around 2,500 jobs are to be axed at holidays group Thomas Cook after it revealed plans to close 195 of its high street travel agencies.

The job losses - 16% of its 15,500 workforce in the UK and Ireland - will impact workers across its retail network as well as administration and back-office staff. Thomas Cook said the moves were being made as part of a restructuring and to slash administration costs.
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