Thomas Cook in crisis talks with creditors to save the company

Thomas Cook in crisis talks with creditors to save the company

Assessment

Interactive Video

Business, Social Studies

University

Hard

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Thomas Cook is on the brink of administration, needing £200 million to avoid collapse. This situation endangers 150,000 British travelers and 20,000 jobs. Trade unions demand government intervention, highlighting the irony of banks pulling support after being bailed out by taxpayers. The Civil Aviation Authority is preparing to repatriate affected customers, while some hotels abroad are already refusing to let guests leave without extra payment due to fears of non-payment by Thomas Cook.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the potential consequence for 150,000 Britons if Thomas Cook goes bust?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerning development occurred in Tunisia regarding British holidaymakers?

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