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Chair comments on Thomas Cook collapse

24 September 2019

Business, Energy and Industrial Strategy Committee Chair Rachel Reeves comments on the collapse of Thomas Cook.

Rachel Reeves MP, Chair of the Business, Energy and Industrial Strategy Committee has today commented on the collapse of Thomas Cook:

"The public will be rightly appalled that as Thomas Cook mounted up debt and as the company headed for trouble, company bosses were happily pocketing hefty pay-packages.

Now, in the aftermath of the company's collapse, as frustrated travellers are stuck abroad, when holidays are being cancelled and thousands of staff are losing their jobs, there are serious questions to answer, including about the company's accounting practices, its renumeration policy and practice, and about the stewardship of the company.

As a Committee, we are keen to seek answers to these questions and will discuss at the next meeting how we can do that."

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