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Cortes Expresses Confidence Over Thomas Cook Inquiry

8 October 2019

TSSA General Secretary, Manuel Cortes, has said he has full confidence MPs on the Commons Business Committee will do a 'very thorough job' of getting to the bottom of the Thomas Cook collapse.

The Committee has agreed to investigate the liquidations of Thomas Cook and is due to formally begin its deliberations next week. Cortes was speaking after meeting the Committee Chair, Rachel Reeves MP, in Parliament (7th Oct).

Cortes has called for Business Secretary, Andrea Leadsom, other Ministers and Thomas Cook bosses, including CEO at the time of liquidation, Peter Fankhauser, to be brought before the Committee.

Commenting, Cortes said: “It was great to meet Rachel Reeves and it’s very clear to me that MPs will do a very thorough job of trying to fully understand why Thomas Cook went under.

“I know they will be keen to determine whether Government intervention could have spared the loss of 9000 jobs in Britain, stopped the repatriation of over 150,000 holidaymakers and ruined the holiday plans of 320,000 others who had booked their holiday with the company.

“Frankly to date the Business Secretary, Andrea Leadsom, has abysmally failed to answer any of the questions about how and why Thomas Cook was allowed to go to the wall.

“As yet we have been given no clear answers to the important question of why the British Government chose not to offer financial assistance, or intervene to salvage the company, or parts of it as the German, Spanish and Portuguese Governments have done.

“It also appears very strange that it wasn’t just Governments from other European counties who’ve been prepared to intervene to save parts of Thomas Cook. Fosun – a private Chinese investor - was willing to put £450m into the business to ensure its survival.

“I look forward to a wide-ranging investigation by the Business Committee because former Thomas Cook workers and the British public deserve to know the truth.”

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