Coneheadjohn Posted September 23, 2019 Share Posted September 23, 2019 Average Joe shafted as usual. All the people who’ve lost their jobs dumped on. And all the people who’ve looked forward to a break or had one ruined. What a shame. Link to comment Share on other sites More sharing options...
G STAR RAM Posted September 23, 2019 Author Share Posted September 23, 2019 4 hours ago, Paul71 said: Its a lot of Jobs but there could easily be hundreds of small business go under today with a similar number of jobs affected that no one hears about, should all of those be considered for rescue too? We only hear about it when its large scale. A bit like when Amazon or whomever bends the rules to pay less tax, we all moan but at the same time thousands of small business or one man bands are failing to declare all their earnings, probably costing the same or more and illegally so too. It is sad people have lost their jobs and holidays but if the government bail them out, that means we are too. I personally think the british media have to take some responsibility as they are very quick to publish attention grabbing headlines when a major business like TC is having issues, this has a knock on effect that people look elsewhere. They did it with the banks, publishing stories of banks having no money and within hours people are queuing round the block drawing all their money out. Well surely if you save the company at the top of the chain you save all the other companies too? Link to comment Share on other sites More sharing options...
Sith Happens Posted September 23, 2019 Share Posted September 23, 2019 1 hour ago, G STAR RAM said: Well surely if you save the company at the top of the chain you save all the other companies too? I didn't mean 'today' as in as a result of TC, i was just saying lots of small companies with hundreds or thousands of jobs combined could be lost on any one day. Link to comment Share on other sites More sharing options...
Sith Happens Posted September 23, 2019 Share Posted September 23, 2019 5 hours ago, Van Cone De Head said: Average Joe shafted as usual. All the people who’ve lost their jobs dumped on. And all the people who’ve looked forward to a break or had one ruined. What a shame. It always is. I would be interested to see what management bonuses have been paid in the past couple of years. Might not be any of course but wouldn't bet against it. You can just imagine those in very senior management escaping to the Maldives etc to get away from it while jeff and june and their 2 kids holiday to spain is gone for a burton, cause yeah we know the money will get paid back but when? Im lucky if i was on the receiving end i could afford to book another and wait for my money. Many people cant. Link to comment Share on other sites More sharing options...
Coneheadjohn Posted September 23, 2019 Share Posted September 23, 2019 42 minutes ago, Paul71 said: It always is. I would be interested to see what management bonuses have been paid in the past couple of years. Might not be any of course but wouldn't bet against it. You can just imagine those in very senior management escaping to the Maldives etc to get away from it while jeff and june and their 2 kids holiday to spain is gone for a burton, cause yeah we know the money will get paid back but when? Im lucky if i was on the receiving end i could afford to book another and wait for my money. Many people cant. They’ve fleeced it and isn’t the pension fund down £500 million. Imagine if my lot had gone Thomas Cook and missed out,no chance I would have been able to afford it. Link to comment Share on other sites More sharing options...
Sith Happens Posted September 23, 2019 Share Posted September 23, 2019 8 minutes ago, Van Cone De Head said: They’ve fleeced it and isn’t the pension fund down £500 million. Imagine if my lot had gone Thomas Cook and missed out,no chance I would have been able to afford it. Yep and there will be loads in that position. Really sad. Link to comment Share on other sites More sharing options...
Van der MoodHoover Posted September 23, 2019 Share Posted September 23, 2019 10 hours ago, SchtivePesley said: Not to mention the £20m of bonuses that the Execs received over the past 5 years and I bet *absolutely definitely* paid the top rate of tax on Absolutely deserved. How else are you going to persuade talented wealth creators to.......er.........hang on............no.........don’t tell me..............ummmm ? Link to comment Share on other sites More sharing options...
MaltRam Posted September 23, 2019 Share Posted September 23, 2019 12 hours ago, Spanish said: I don't know a lot about Brit Steel but aren't they in an industry where price is everything and they can't compete? Saw an eye-watering stat the other month. More steel was produced in CHina between 2015 and 2017 than has been made here in the entirety of British history. Economies of scale, cheap labour, next to zero environmental regulation. Can't compete. On TC, isn't this where ABTA or something or other are supposed to step in and bail out customers? Link to comment Share on other sites More sharing options...
sage Posted September 23, 2019 Share Posted September 23, 2019 Ronan Keating has blasted the holiday regulatory body. He tweeted 'you say nothing ATOL' Link to comment Share on other sites More sharing options...
Brammie Steve Posted September 23, 2019 Share Posted September 23, 2019 Those Thomas Cook workers who are now out of a job but still stayed to help stranded clients are the only ones who deserve a gov't payout I reckon. They will have had to bear the brunt of complaints and desperate pleas for help and advice whilst the ones who steered this ship onto the rocks do nothing but make do with their fat cat pedigree chum payoffs. We were fobbed off with tales of how the gov't would not fritter away £200 to£250 million of taxpayer's (that's me/us BTW) to shore up a company already £1.6 billion (£1600 million) in debt. Now we face a Dunkirk style evacuation, fortunately minus bullets, bombs etc. This time the flotilla of small boats has the added insult of knowing that an undisclosed number of air liners with "Thomas Cook" on the side are impounded and sitting idle. This is not the result of a sudden catastrophe but must have been building up for a long time whilst a once great company happily raked in more and more working holidaymaker's money for services which they knew would at some be undeliverable. Link to comment Share on other sites More sharing options...
Gee SCREAMER !! Posted September 23, 2019 Share Posted September 23, 2019 The government have put in excess of 20,000 of there own civil service workforce out of work in the last 5 years without anyone raising an eyebrow or seemingly being bothered. I'm surprised that anyone's surprised they aren't willing to help out anyone else if they dump on there own workforce in that way. Link to comment Share on other sites More sharing options...
EtoileSportiveDeDerby Posted September 23, 2019 Share Posted September 23, 2019 Repatriation 100M Get ready for Brexit advertising campaign 100M Exec bonuses 20M When you take into account the taxes that 9000 employees would pay and will now instead be on the dole...We are not far off the 250M. I guess it is not really a vote winner Link to comment Share on other sites More sharing options...
McRamFan Posted September 24, 2019 Share Posted September 24, 2019 Different approach by the Germans. Link to comment Share on other sites More sharing options...
Mostyn6 Posted September 24, 2019 Share Posted September 24, 2019 this is the result of an aggressive but poorly-planned attempt to dominate the sector. Thomas Cook merged and swallowed up both AirTours and Coop Travel in the last 10 years, but that was their downfall. All those high street shops/branches to fund when their rivals migrated to online sales committed overheads of millions before a profit could be considered. I feel uneasy about shareholders taking dividends out of a business making a loss, this should be fraud IMO Sadly, the people responsible for making the decisions that killed Thomas Cook were long gone by this weekend just gone. Link to comment Share on other sites More sharing options...
uttoxram75 Posted September 24, 2019 Share Posted September 24, 2019 Its not all bad news....... Link to comment Share on other sites More sharing options...
Sith Happens Posted September 24, 2019 Share Posted September 24, 2019 5 hours ago, McRamFan said: Different approach by the Germans. Do you mean the Germans have said they will provide Condor financial backing? Link to comment Share on other sites More sharing options...
FindernRam Posted September 24, 2019 Share Posted September 24, 2019 2 hours ago, Paul71 said: Do you mean the Germans have said they will provide Condor financial backing? Provision of state aid is illegal under EU rules but not if you are Germany Link to comment Share on other sites More sharing options...
observer Posted September 24, 2019 Share Posted September 24, 2019 it was already a sinking ship that was heavily in debt, the only asset they 'own' is the brand and that alone is not worth the £200m never mind the other billion of debt they are already in. If the government had bailed them out to get through the winter we would of only had all the same costs early summer 2020 when it flops. Another case of a poorly ran business that is left to flop through bad management, until insurance premiums need to be taken out for they plcs to manage issues like this or to have massive pension deficits it will continue to keep happening. The only way to change companies from acting like this is be getting rid of the safety net we provide in the UK, ie your house has to be in order before you can get to this shitshow Link to comment Share on other sites More sharing options...
McRamFan Posted September 24, 2019 Share Posted September 24, 2019 5 hours ago, Paul71 said: Do you mean the Germans have said they will provide Condor financial backing? Yeap 3 hours ago, FindernRam said: Provision of state aid is illegal under EU rules but not if you are Germany Banks...Depends on if you are bailing them out, or providing a unfair advantage. Link to comment Share on other sites More sharing options...
Sith Happens Posted September 24, 2019 Share Posted September 24, 2019 1 hour ago, McRamFan said: Yeap Banks...Depends on if you are bailing them out, or providing a unfair advantage. I don't know but get the impression condors situation and the uk arm of Thomas Cook are somewhat different. I don't think its the governments responsibility to bail out a business, they wouldn't bail me out if i had a small business with 4 employees and.i was going bust. Anyhow if the business has lost the money it has then a 200 million sticky plaster wouldn't have kept it afloat for long. Link to comment Share on other sites More sharing options...
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