Big change at Thomas Cook
Rumours in the industry are saying that Thomas Cook are about to impose large cuts to the pay and conditions of its pilot and Cabin Crew workforce. This in addition to already announced substantial redundancies and demotions.
It seems that the company may have withdrawn from discussions with the Pilot union Balpa.
Indeed there is belief that the company may actually close down the UK airline entirely and buy capacity on other carriers and thus divest itself of the costs of owning its own airline.
This could well be one of the main cost cutting strands of Group Chief Executive Officer Harriet Green. Indeed Christoph Debus Group Head of Air Travel in a communication with the Cabin Crew union over a reduction in their conditions said "If our in-house airlines cannot offer air travel at competitive rates then I will source that air travel elsewhere"
It remains to be seen whether there is truth to these rumours and what the workers response will be.