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Thomas Cook Reports £398m Loss

14 Dec 2011 12:00 AM | Anonymous

Thomas Cook has said it will close 200 UK stores over the next two years as part of its UK business turnaround plan - 125 more than previously announced.

Staff at 115 of the affected stores are expected to be informed of their fate on Wednesday with the loss of 661 jobs.

News of the closures came as the travel firm reported a £398m ($616m) loss for the year to the end of September.

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