178-Year-Old Tour Company Thomas Cook Collapses, 21,000 to Lose Jobs

London, September 22, 2019:

The 178-year-old British tour company Thomas Cook has collapsed after failing to secure rescue funding, and travel bookings for its more than 600,000 global vacationers were cancelled early Monday.

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This means that the four airlines of Thomas Cook will be grounded, and its 21,000 employees in 16 countries, including 9,000 in the UK, will lose their jobs. The company several months ago had blamed a slowdown in bookings because of Brexit.

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The 178-year-old company had said it was seeking 200 million pounds ($250 million) to avoid going bust and was in weekend talks with shareholders and creditors.

Now, the British Government has said that the 1.5 lakh British tourists stuck across the world will need to be repatriated, which will be the biggest such exercise of its kind.

Customers have now been urged to visit http://thomascook.caa.co.uk  for further advice and information.

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Now, an estimated 1 million future travelers will find their bookings for upcoming holidays cancelled.

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