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TSSA Respond To Thomas Cook Fosun Buyout Reports

8 June 2019

TSSA General Secretary, Manuel Cortes, has said the union will seek an urgent meeting and reassurances on jobs after reports that Chinese Tourism Group - Fosun - is preparing a bid for Thomas Cook.

Manuel Cortes said: “These are very worrying times for our members at Thomas Cook. The Company has already announced the closure of some of its high street shops after it posted a £1.5 billion loss due to Brexit uncertainty.

“Now we have speculation about the potential break-up of the company. We will be seeking an urgent meeting with Thomas Cook to clarify if there is any truth to the latest speculation.

“Above all we remain committed to fight for our members jobs and will press the company for details of any buyout plans. We have been clear with our members that we will fight tooth and nail for their jobs.

“Thomas Cook has been an integral part of the British High Street for decades. The impact of Brexit is a major factor in its recent difficulties – we can’t allow ordinary hard-working Britons to pay that price with their livelihoods.”

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