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Reply to "ROOM 101 (modern day annoyances)"

Enthusiastic Contrafibularities posted:

 

Thomas Cook.

 

The poor people who have lost their jobs aside, this is a badly run company, in massive debt, that has been in trouble for years with directors and senior staff taking massive salaries (in one case £8 Million).

 

It was clearly on a trajectory to failure and I think it was the right decision not to pump public money into it.

 

Again, one of the elements which has contributed is people using on-line tour operators and TC failed to react.

 

This is just another in a long line of businesses that have gone bust and there will be more to come. 

Isn't there a Gov body that regulates and monitors how businesses are run?

Saint
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