Co-Op Travel And Thomas Cook Merger Given The Thumbs-Up
Author: admin
The merger of Co-Op Travel and Thomas Cook seemed to be under a cloud of doubt for a while, but the skies are blue again now.
The Competition Commission saw no reason for the merger to be disapproved and thus gave the final go ahead for the travel into unchartered waters. But now, there may be rough weather ahead for the employees of the travel companies involved.
The Thomas Cook, Co-operative Travel and Midlands Co-operative merger will have greater than 9,000 staff move desks to a new firm. However, neither the Thomas Cook Group nor the Co-operative Travel divulged any more information.
Of as many as 1,240 shops, Thomas Cook's share is 780, Co-Op Travel has 360 and Midlands Co-Op running a 100, of which some shall be, obviously, closed.
