News

Thomas Cook eyes big cutbacks

THOMAS
Cook has imposed a recruitment freeze and halted spending on planned projects
to cut £50 million from its UK business as a result of the current climate.

But the
travel giant has vowed to press ahead with base pay rises in April for its
12,500-strong UK workforce at a cost of “several million pounds”.

This
honours a pledge to staff for a pay review, which increases salary levels based
on a new accreditation system.

Last year,
the UK business cut costs by £140 million, which included slashing higher
salaries and freezing lower pay, although these were restored at the end of
last year.

 

Share article

View Comments

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.