[The Slim Reaper]

Originally Posted by AnnieK

Such a shame. Feel for all the staff.

Tell us something we don't know.

[arista]

Originally Posted by The Slim Reaper

Don't just flex it, when Brexit wrecks it.

Look 8 years ago or so they nearly went under
Its not Your Brexit.


Bad Managed
not getting up to date



9,000 UK Workers
22,000 Workers Worldwide.

[AnnieK]

I don't think you can attribute this administration wholly to Brexit but what is scary is the sheer numbers of other workers that will face similar redundancy threats should we crash out, I fear.

[SherzyK]

Youtube video

[Niamh.]

Deleted some posts in here, back on topic please

[Kizzy]

If it wasn't for this brexit uncertainty they wouldve been bailed I think. Thing is why was the onus in the govt to get them home? Travel agents such as tc are ABTA and ATOL protected so the holiday is insured against this when you book?...

[Cal.]

I hope this ruins Danielle’s next little girlie holiday

[Twosugars]

My understanding is they overstretched themselves with purchases and never recovered from that
Is this correct, Arista our man in the City?

[arista]

Originally Posted by Twosugars

My understanding is they overstretched themselves with purchases and never recovered from that
Is this correct, Arista our man in the City?

Yes they bought many small companies,
kept expanding
and had a Massive debt building up.

Thomas Cook should have got smaller
not bigger.


Some are locked in the gates of a Hotel
with Coaches outside. (Tunisia)
That is terrible.

Funding for that Hotel is Locked Up
until all is looked into.

[arista]

Originally Posted by Cal.

I hope this ruins Danielle’s next little girlie holiday

I am Sure its a B & B
not Thomas Cook

[Twosugars]

Top executives were getting bonuses while the company was struggling
This sort of thievery has to stop

[parmnion]

Ah who cares, they are all old fuddy duddies who voted leave.

[Ammi]

...holiday makers are being thrown out of hotel rooms, but they obviously don’t know when they’ll get a flight home atm...there will be huge salary losses for the holiday makers as well, when they can’t get back to work and are going to have to take unpaid leave, I would think.....

[arista]

Originally Posted by parmnion

Ah who cares, they are all old fuddy duddies who voted leave.

Nice to have you back Parmy.

[arista]

Originally Posted by Ammi

...holiday makers are being thrown out of hotel rooms, but they obviously don’t know when they’ll get a flight home atm...there will be huge salary losses for the holiday makers as well, when they can’t get back to work and are going to have to take unpaid leave, I would think.....

Yes I agree its Sad.

But his massive Debt the CEO
should have cut the company down
making it smaller.

[bitontheslide]

A hedge fund made over 200 million from the demise of Thomas Cook. Contributors to that hedge fund were in a position to engineer the extra capital requirements forced on Thomas Cook. If people are looking for someone to blame, i would point them firmly in that direction.

[parmnion]

What I can't understand Is that there are 150 thousand brits to bring back...and it's quiet season.....
Imagine the numbers in July and August. ..


Where the hell has all that cash gone...

[Twosugars]

Originally Posted by bitontheslide

A hedge fund made over 200 million from the demise of Thomas Cook. Contributors to that hedge fund were in a position to engineer the extra capital requirements forced on Thomas Cook. If people are looking for someone to blame, i would point them firmly in that direction.

JFC

[arista]

[arista]

[Twosugars]

Told you Arista. Fat cats need restraining. They cant help themselves

[arista]

[Thomas Cook: Boss of Condor arm 'sorry'
for bailout celebrations
There are red faces at the
Thomas Cook German airline
operation after workers were
filmed celebrating a taxpayer rescue.]


Lucky Germans
Stay trading

https://news.sky.com/story/boss-of-t...tions-11819882

[Cherie]

Its pretty incredible that an iconic company of this size has gone bust, the management should be called to account for how this could happen

[bitontheslide]

Originally Posted by Cherie

Its pretty incredible that an iconic company of this size has gone bust, the management should be called to account for how this could happen

it was the height of incompetence in management. Yes, the terror attacks had a massive impact, but the Tunisia incident was years ago now. If a company can't re-organise to deal with something like that, they don't deserve to be in business

[arista]

Originally Posted by Cherie

Its pretty incredible that an iconic company of this size has gone bust, the management should be called to account for how this could happen

Yes running a Big Company
with Billions in Debt.
They will just say the Banks let them Down