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TSSA Respond To Thomas Cook Fosun Talks

10 June 2019

TSSA General Secretary, Manuel Cortes, is demanding to know more about Fosun's plans for Thomas Cook, saying the union would resist any breakup of the company after confirmation of a takeover approach.

The Chinese firm is already Thomas Cook's largest shareholder. Last month Thomas Cook reported a £1.5bn loss saying there was “little doubt” Brexit had hit the firm – with customers delaying summer holiday plans.

Manuel Cortes said: “We will now step up our efforts to meet Thomas Cook to discuss the future of the company, and in particular the future of our member’s jobs.

“We urgently demand more details on Fosun’s intentions for the future of this historic British institution amid ongoing Brexit uncertainty.

“These are worrying times for our members and we would resist any breakup of Thomas Cook which would be detrimental to jobs but also the High Street as whole."  

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