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Thomas Cook Must Be Rescued - Cortes

20 September 2019

TSSA General Secretary, Manuel Cortes, has said travel firm, Thomas Cook, "must be rescued", calling on the Government to intervene if necessary.

Thomas Cook is trying to secure a rescue deal led by Chinese firm – Fosun - this week. However, creditor banks issued a last-minute demand that the travel company find an extra £200m.

This has led to speculation Thomas Cook could fall into administration as early as this weekend.

Manuel Cortes said: “Our members are going through a time of great stress and worry over their futures. We will, of course, do all we can to help – but what’s needed now is clarity about the future of the Company.

“Thomas Cook must be rescued no matter what. This is not just about the threat of losing jobs and an iconic brand from our high streets but the fact that if Thomas Cook goes under, we will be left with just one major travel operator – TUI – controlling the mass market.

“That would be in no-one's interests – a lack of competition will always lead to a hike in prices. If need be the Government must step in to ensure Thomas Cook’s survival.”

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