Reprieve for Thomas Cook's UK stores as Hays Travel deal saves up to 2,500 jobs

) British travel agent shops, potentially saving up to 2,500 jobs and providing a rare boost for high streets across the country.

Thomas Cook collapsed after it became unable to service its debts and failed to convince banks to back a rescue plan in the face of changing customer habits and intense competition from low-cost airlines and internet companies. FILE PHOTO: A grounded airplane with the Thomas Cook livery is seen at Manchester Airport, Manchester, Britain September 23, 2019. REUTERS/Phil NobleThe 40-year-old firm based in Sunderland in north-east England reached sales of more than 1 billion pounds in 2018.

“We live in a digital world ... The Web was their enemy , whereas if you ask the Hays Travel member of staff, they would say the Web is their friend, because we interact positively with it.”

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