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Realistbear

Thomas Cook-Co-Op Merger To Costs Hundreds Of Jobs

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http://uk.finance.yahoo.com/news/thomas-cook-ties-up-with-co-op-to-create-travel-giant-jobs-to-go-tele-4347f5a35c18.html?x=0

8:16, Saturday 9 October 2010
Thomas Cook and The Co-op will merge their high street travel businesses in a move that will create the UK's largest chain of travel agents.
The deal, which is subject to European Union competition clearance, is likely to lead to
hundreds of jobs losses
and will see an estimated 70 out of the total 1,200 branches being closed.

So much for the transfer of public sector jobs to private sector. The private sector is consolidating* as a way of cutting jobs not adding them.

* circling the wagons in anticipation of heap big trouble.

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But, but the service sector, the knowledge economy. You know those jobs were you don't have to get your hands dirty. The UK made a huge bet that this would lead us to prosperity?

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http://uk.finance.ya...a35c18.html?x=0

8:16, Saturday 9 October 2010
Thomas Cook and The Co-op will merge their high street travel businesses in a move that will create the UK's largest chain of travel agents.
The deal, which is subject to European Union competition clearance, is likely to lead to
hundreds of jobs losses
and will see an estimated 70 out of the total 1,200 branches being closed.

So much for the transfer of public sector jobs to private sector. The private sector is consolidating* as a way of cutting jobs not adding them.

* circling the wagons in anticipation of heap big trouble.

I walked through the centre of Sheffield yesterday, and in the space of about half a mile I saw 2 Thomas Cooks and 1 Co-op travel agency. I'm guessing that at least one, and maybe 2 of those won't be there in 18 months time....

I also noticed that the Sheffield branch of the Derbyshire BS had shut. This is a direct consequence of the merger of the DBS with the Nationwide.

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http://uk.finance.yahoo.com/news/thomas-cook-ties-up-with-co-op-to-create-travel-giant-jobs-to-go-tele-4347f5a35c18.html?x=0

8:16, Saturday 9 October 2010
Thomas Cook and The Co-op will merge their high street travel businesses in a move that will create the UK's largest chain of travel agents.
The deal, which is subject to European Union competition clearance, is likely to lead to
hundreds of jobs losses
and will see an estimated 70 out of the total 1,200 branches being closed.

So much for the transfer of public sector jobs to private sector. The private sector is consolidating* as a way of cutting jobs not adding them.

* circling the wagons in anticipation of heap big trouble.

So what?

We don't need jobs for a recovery, just look at the US four month of rising unemployement and Dow hits 11k...

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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