Up to 2,500 jobs could be saved after Hays Travel acquired all of Thomas Cook’s travel stores, following the collapse of the holiday giant last month.
The operator said that it will re-employ a significant number of former employees.
“Thomas Cook was a much-loved brand employing talented people,” said John and Irene Hays, managing director and group chair of Hays Travel. “We look forward to working with many of them.”
The company said it has already hired 421 former Thomas Cook employees.
“This is an extremely positive outcome, and we are delighted to have secured this agreement,” said Jim Tucker, a partner at KPMG and joint special manager of Thomas Cook’s retail division.
“It provides re-employment opportunities for a significant number of former Thomas Cook employees and secures the future of retail sites up and down the UK high street.”