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Wales Online
Wales Online
National
Jillian MacMath

Travel agent buys Thomas Cook stores which could save up to 2,500 jobs

An independent travel agent has announced it will buy all of Thomas Cook's 555 stores following the firm's collapse last month.

Hays Travel, the UK's largest independent travel agent, confirmed the plan on Wednesday, October 9., adding that it had already taken on more than 400 of the defunct holiday firm's ex-staff.

The company eventually hopes to employ all 2,500 of those who have lost their jobs in the stores.

Thomas Cook had 10 stores in Wales including Swansea, Cardiff, Port Talbot and Brecon.

More than 9,000 people in total faced unemployment in late September when Thomas Cook went bust after failing to negotiate a deal during talks with shareholders.

David Chapman, the official receiver of Thomas Cook, said: "I am pleased to announce we have reached an agreement with Hays Travel to acquire Thomas Cook's entire UK retail estate, comprising 555 stores across the country.

"This represents an important step in the liquidation process, as we seek to realise the company's assets."

John and Irene Hays, managing director and group chair of Hays Travel, said: "Thomas Cook was a much-loved brand employing talented people. We look forward to working with many of them."

The travel agent is one of many companies to offer roles to ex-employees.

Passengers raise over £650 in whip-around for Thomas Cook cabin crew

Virgin Atlantic has said it will recruit cabin crew or other employees with flying experience.

Meanwhile, rival TUI announced it would host a recruitment fair in London for those who were affected.

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