Sep 25, 2019

Unions denounce Thomas Cook collapse as ‘national scandal’

Trade unions have denounced the UK government's handling of Thomas Cook's collapse as a "National scandal" after Berlin shored up the travel group's German airline Condor with a €380m bridging loan. Thomas Cook went into compulsory liquidation on Monday after it failed to seal a £900m rescue deal with its creditors and largest shareholder, Chinese conglomerate Fosun. In a statement to parliament on Wednesday, transport secretary Grant Shapps said Thomas Cook was a "Poorly run business going in the wrong direction at the wrong time". The collapse of Thomas Cook on Monday has left most of its 21,000 employees without a job and 500,000 holidaymakers stranded abroad. The Civil Aviation Authority said it had repatriated almost 30,000 of its 150,000 UK customers stuck overseas. "Why couldn't the UK government give the same kind of bridging support as the German government when it was well known that Thomas Cook had a Chinese buyer lined up? It's a national scandal," said Brian Strutton, general secretary of the British Airline Pilots' Association.

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