Thomas Cook

That's not entirely true crystaltips our local radio news has been concentrating on those who will have lost their jobs.

3,000 of the jobs are in Greater Manchester. The local news has had loads on it.

As for squabbling about whether to feel more sorry for those who have lost their jobs or their holidays … I wasn't aware that a capacity for empathy was limited.

Of course we are sorry for anyone who looses a much looked forward to holiday, but I’m saying long term it’s much worse for the employees. I’m listening to LBC and there’s been loads of interviews with holidaymakers but not a single one with a TC worker.

crystaltipps totally agree with your post.

The workforce will not have the comfort of millions in the bank like the CEOs.

I too feel very sorry for those who have lost their jobs. The shock and worry is awful. I hope they get some short term help and funding for their day to day expenses.
I also feel sorry for those whose trips are cancelled. Many will be able to re book something else and not be a problem but there will be many others like gillybob’s family who have no chance of that. Yes I know it’s only a holiday but some people’s lives are stressful or they have real need of a break (I’m not talking about the ones who go away every year) and the loss of that short period for a rest can have longer term impact for them.

Empathy goes to the job losses, not the holidaymakers who can still go on holiday !! There are other companies ??

I know a couple who'll lose their jobs and when two in the family work for the same company, it spells disaster.

Well gillybob, I'm sorry for your family losing their holiday. After saving, preparing, and so looking forward to going on what is clearly a rare event, it must be a bitter disappointment indeed to have it all go up in smoke!
Brexit is now nothing to do with how people voted ! but everything to do with inept, duplicitous, lying, cheating politicians, not one of which had a flying fig what to do or how to do it! They, MP's are the people to blame for allowing the possibility of a negative vote without the first idea of how to handle it. Even after three years, of screaming and shrieking at each other, they now need yet more time, to do?!!! Dear god, you couldn't make it up!! Lions led by Donkeys has never been more appropriate!

Germany are still flying TC as usual, thinking of the customers first ?

Jobs first as well

Empathy goes to the job losses, not the holidaymakers who can still go on holiday !! There are other companies ??

How can my family (and probably plenty like them) who have scrimped and saved for years for a little one week holiday in the sun, taken rare time off work together etc. simply book another holiday EllanVannin?

There is the "slight problem" of being short of around £3000 (the cost for a family of 5) which they will undoubtedly wait months to get back .

Thank you Jabberwok I have just spoken to my son who says the children are devastated All their lovely little bits and pieces they have been saving for their holiday all wasted.

and before anyone jumps down my throat....of course I feel terribly sorry for those who will have lost their jobs.

Ah well! Some people are happy …

www.thisismoney.co.uk/money/markets/article-7492181/Hedge-funds-cash-crisis-Thomas-Cook-10-shares-shorted.html

I agree gillybob. My DD and family are in the same position. It'll be months before they get refunded and, like many others, can't just conjure up the money to try to rebook now.
Jobs, hopes and dreams gone. Management issue.

Management issue too - but denying that rising costs combined with great to massive (depending on region) devaluation of £ is not a big factor, is just silly.

Of course ERG, Johnson and co want to red rid of all that EU ^Red Tape. You know, like EU package Travel Directive, 2015/2232/EU - that will ensure all passengers will be properla refunded and safely repatriated.

Will anyone say 'ah well, not Brexit related'?

Hedge Fund managers are making a killing on this - using the 'disaster economics' they are massive fans of. Disgusting

growtuff
So is this a Daily Mail article that we should believe?
The only reason I ask is because we are constantly being told that the DM only prints lies.

eazybee - I completely agree with you. I checked the salaries and bonuses of Thomas Cook's executives and it made eyewatering reading. They've borrowed money to buy more aircraft and the interest on the loans is over £1bn. Bad management in my opinion. As we haven't left the EU yet I fail to see how it can be blamed on Brexit. However, some people will blame anything and everything on the vote to leave.

This takes me back to 1974 when I worked as cabin crew for Courtline when their travel arm Clarksons went into liquidation. I lost my job overnight but helped in the rescue working for Laker and Dan Air for the next 6 weeks. Their was no ATOl then and not much help for passengers or staff. I eventually got a job with British Airways so all was well. I feel so sorry for all involved with Thomas Cook.

Whitewave, this is NOT about Brexit. As well as weak trading, the company's big problem in 2011 was too much debt - about £2bn when the pension deficit was included - way before Brexit. Large bonuses paid to top bosses, despite long term fears that the company would collapse, didn't help. It is said that everybody will fly home on the day they should, though maybe not to the airport they flew from. I feel sorry for all those people whose holidays have been cancelled and, especially, sorry for those who have lost their jobs.

My eldest daughter has been cabin crew for 13 years with TC. Since she was 20. It’s so incredibly sad. They have been advised to claim job seekers allowance immediately. Who knows about their wages for this month that they have worked for. I’ve shed a tear for all her colleagues today.

petra There are a number of sources saying exactly the same thing. I just picked that one at random. The FT article is more detailed but behind a paywall.

Ahem! Excuse me! I've never blamed Brexit for TC's demise. If you look on the first page of this thread, I even pointed out that TC has been in trouble for years (long before the referendum).

-------pardon me for being logical ( rolls eyes ) Holiday or loss of job !

Yearoff I hope she wasn't advised to claim JSA. She'll almost certainly have to claim Universal Credit, but she should claim immediately. It will probably be some weeks before she receives anything. If she has rent or a mortgage and other bills to pay, it might be an idea to pay a visit to the Citizens' Advice Bureau.