Thomas Cook announces hundreds of stores are to close

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Travel firm Thomas Cook has announced that it is to close 195 of its agencies around the country.

The company has not yet announced if the Grantham agency, in the Isaac Newton Centre, will be among those closed. It has about 800 agencies throughout the country employing more than 15,000 people.

A company spokesman said: “It is never easy to make decisions that impact directly on our people, but we also owe it to our customers to shape the business effectively and ensure that, when they book their holiday with us, our administrative costs are as low as possible.

“As we improve and develop our online capabilities, maintaining a strong presence on the high street is an important part of our omni-channel strategy. Even after these changes, we will still have one of the largest retail networks in UK travel.”