Jobs axe hanging over Thomas Cook staff

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Jobs at branches of tour operator Thomas Cook are at risk after the chain revealed plans to close 195 of its high street travel agencies.

Around 2,500 jobs are to be axed - 16 per cent of its 15,500 workforce in the UK and Ireland.

The firm has shops in North End, Southsea, Cascades Shopping Centre and Cosham, as well as two in Fareham, one in Stubbington, an outlet in Gosport, one in Waterlooville and one in Havant

The redundancies will impact workers across its retail network as well as administration and back-office staff.

Thomas Cook said the moves were being made as part of a restructuring and to slash administration costs.

Having recently shut 168 stores, Thomas Cook will be left with 874 travel agencies across the UK and Northern Ireland.

It will confirm which stores are due to be closed later this week.