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Thomas Cook in race to avoid bankruptcy

Thomas Cook in race to avoid bankruptcy

Thomas Cook is seeking an extra 200 million pounds ($251 million) to satisfy its lenders or one of the world’s oldest holiday company risks collapse. Not being able to access the funds could well put 21,000 employees jobs at risk and the holidays of 600,000 customers. Thomas Cook has struggled with competition and high debt levels.

Kathy
Kathy
porcus
porcus 1 year

Doesn't look good.

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