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finance

Thomas Cook in rescue talks with China's Fosun – business live


That is up to Fosun then to decide… the priority is no to complete the recapitalisation of the business.

What happens to jobs? Today’s announcement is really about a plan that ensures the business to continue to trade and operate as normal, and the deal preserves our brand with a sustainable balance sheet, giving us the stability to invest and grow our business.

So that is principally really good news for our employees, that is a very sensitive discussions to get to this point, what we have announced today so we did not engage with wider stakeholders like unions, which will happen now.



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