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Sad but inevitable. One of a number of travel companies that didn't keep with the times. The Co-op deal was probably the start of the decline, investing in more stores when the rest of the world was moving online. There are more out there, struggling now to keep their heads above water because their business models just don't make sense any more. Desperately sad for the people involved - staff and customers. Management should face up and take the blame for incoherent strategy decisions over the years. But the brand will resurface, I'm sure. It lives on in India at least - an irony given the timing of the firm's roots when that country was still a colony under British rule.
Thomas Cook UK staff went to bed on the 22/09/19 with the Sword of Damocles hanging over their heads, but when they woke up in the morning there worst fears had been realised Thomas Cook was Non Piu (no more). Now starts the blame game, crass mismanagement down the years, a heartless government who would not help. As the old saying goes at the end of the day it is the staff who carry the can and now find themselves out of work. There are no words you can use to console them, for today is a dark day not only for them but for the travel family. The best i can humbly offer is maybe there might be other travel vacancies in your area of expertise, for example other airlines or working from home, do not lose heart, to use another old saying keep the faith.
Why as Andrew Monk for any comment?He was suggesting a buy on their shares he should be ashamed of himself!