Thomas Cook today said it will close 200 travel shops over the next two years as it battles for survival.
The warning comes as the travel giant announced pre-tax losses of almost £400million.
It had already warned that 75 sites would have to close following its merger with the Co-op’s UK high street travel business, but today said a further 125 will be shut, putting around 1,000 jobs under threat.
And in a further blow to the travel giant, Thomas Cook Airlines has been named as the worst short-haul carrier by a consumer watchdog.
The company had the poorest results for overall customer satisfaction and the likelihood of being recommended to a friend, in a survey that placed it below even Ryanair.
Staff in 115 of the stores are expected to be informed that their branch is due to close today, leading to the loss of 661 jobs.
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