LONDON: One of the UK’s largest
Travel agents has said it will save thousands of
jobs at Thomas
Cook after a deal to buy all 555 of the company’s
stores around the UK.Hays
Travel has already employed 597 members of Thomas
Cook staff since the
Travel group went out of business last month. The company now intends to reopen some shops as early as Thursday (today), potentially saving up to
2,500 jobs in total. It also promised to create another 100
jobs at its Sunderland headquarters.Husband and wife team Irene and John Hays, who own the
Travel agent, said the company burned the midnight oil, signing the deal to buy the shops at 11.53pm on Tuesday.“We are looking to employ as many Thomas
Cook staff as possible and we are reaching out to them,” said Mr Hays. He confirmed the Thomas
Cook brand would be wiped from the high street as its shops are rebranded with the
Hays name.Meanwhile, the company will consider the future of under-performing shops in places where
Hays and Thomas
Cook sites overlap. It has already approached around 140 landlords but the deal guarantees landlords will get paid until the end of December.The 178-year-old Thomas
Cook folded on September 23 after failing to secure a last-minute rescue deal. The news left around 150,000 passengers stranded abroad, the last of whom were returned to the UK on Monday.“This is an extremely positive outcome, and we are delighted to have secured this agreement,” said Jim Tucker, a KPMG partner who was appointed joint special manager of Thomas Cook’s retail division after the failure.“It provides re-employment opportunities for a significant number of former Thomas
Cook employees, and secures the future of retail sites up and down the UK high street.”Tucker said the administrators would work with
Hays to “ensure a smooth transition of the store estate”. He added: “We are pleased to have achieved this in a short timeframe and in the context of a complex liquidation process, which is testament to a lot of hard work from a number of parties.”Business Secretary Andrea Leadsom said the collapse of Thomas
Cook had been “hugely distressing” for staff and travellers. “I welcome the news that
Hays Travel will be purchasing Thomas Cook’s real estate, and hope this will provide significant re-employment opportunities for former Thomas
Cook employees, alongside the advice and support we will continue to provide to help people find a new job as quickly as possible,” she said.Hays was founded in County Durham 40 years ago and reached £1 billion in sales last year. It has 190 shops and 1,900 employees.Labour shadow business secretary Rebecca Long Bailey said: “While Thomas
Cook workers will breathe a sigh of relief, there are serious questions to be answered over why the company was allowed to collapse when it could have been saved. There must be a full public inquiry into the government’s handling of this scandal.”
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