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Jobs under threat at Thomas Cook in Sussex
2:06pm Wednesday 6th March 2013 in News
More than 400 jobs are at risk across the county.
Thomas Cook, the nation’s oldest travel operator, is closing down hundreds of it s High Street agencies and axing back room staff.
The firm has a main administrative office in Brighton and more than 20 outlets across Sussex.
Staff will hear today if they are to lose their jobs.
The move follows the good news that jobs are to be saved at furniture retailer Dreams.
Thomas Cook slumped to a £590 million loss in its last financial year and is working on plans to slash costs.
As well as shutting stores, the UK's second-biggest travel company has trimmed its airline fleet and sold off hotels after it was forced to turn to its banks for an additional £200 million of loans in 2011.
The firm's recently appointed UK and Ireland chief executive, Peter Fankhauser, said the proposals will help return the group to profitability.