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		</div><p>Thomas Cook has announced plans to close 21 high street stores in the UK, resulting in 320 job losses.</p>
<p>The travel giant said the closures are part of plans to “streamline” its UK retail network under an efficiency programme, and to address changing customer behaviour.</p>
<p>It pointed to the fact that more and more holidaymakers are switching online, with web bookings accounting for 64% of all Thomas Cook bookings in the UK last year.</p>
<blockquote><p>64% &#8211; Percentage of Thomas Cook bookings made online in the UK last year</p></blockquote>
<p>Closures will result in Thomas Cook’s retail estate reducing to 566 shops, with the jobs to be lost including 102 customer-facing roles and a further 218 store-based roles removed as part of the review.</p>
<p>A consultation process with the affected staff and unions has begun.</p>
<p>Thomas Cook’s chief of tour operating, Will Waggott, said: “Today’s announcement reflects the wider challenges seen on the high street, with more and more customers choosing to book online.</p>
<p>“These measures will help us to drive greater efficiencies across Thomas Cook so that we relentlessly focus our resources in those areas that give us the greatest opportunity to make a difference to customers in our core holiday offering.</p>
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<p>“Looking ahead, we will be working to ensure that Thomas Cook is fit for the future, putting a rigorous focus on costs in a competitive environment while giving customers more reasons to holiday with the strongest brand in travel.”</p>
<blockquote><p>566 &#8211; Number of Thomas Cook shops remaining after the closures</p></blockquote>
<p>It comes after the travel firm last month said it was exploring options to sell its airline business amid growing concerns over the company’s future.</p>
<p>The firm’s shares were hammered at the end of last year following its third profit warning of 2018 and stinging full-year losses.</p>
<p>Thomas Cook has been hit by charges related to flight disruptions, writedowns on money owed by hotels and transformation costs.</p>
<p>It was also affected by delayed demand for its tour holidays due to the summer heatwave.</p>
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