Matlock travel agents survive cull

Thomas Cook
Thomas Cook

TRAVEL agents in Matlock are both set to survive, despite plans to shut hundreds around the country.

Thomas Cook announced annual losses of £398 million this week, and said up to 200 shops will be closed with the loss of 1,000 jobs over the next two years, as a result.

However, both the Thomas Cook shop on Causeway Lane and the Co-op Travel on Crown Square have not been earmarked for closure.

The group, which sells more than 22 million holidays a year in the UK, delayed their results last month as they revealed they had gone back to its lenders to ask for an additional £100 million lifeline.

Their shares slumped 75 per cent in one day amid fears for their survival but the 170-year-old company claim they are now on a sound financial footing.