Thomas Cook and Co-op Travel staff in Stamford, Oakham, Bourne and Market Deeping wait for news on closures

Staff at the Stamford branch of travel giant Thomas Cook are waiting to hear if the store is on a proposed list of closures.

Thomas Cook has announced today (Wednesday) that it is looking to reduce the number of staff by 2,500 across the country and has started a 90-day consultation on plans to close 195 high street stores.

A spokesman refused to reveal the stores on the list for closure as she said the firm is working to notify its employees.

The company currently employs 15,500 people across the UK and has 1,069 stores. A statement said a number of these stores do not meet the performance targets of the business or are in areas where Thomas Cook has more than one shop.

A number of administrative and managerial roles will be put at risk at the company’s head offices in Bretton, Peterborough, and Preston. The company is also proposing to close its Accrington office.

The plans are part of the travel agents’ three-year programme to transform its operations.

Chief executive officer of Thomas Cook UK and Ireland Peter Fankhauser said: “It is never easy to make decisions that impact directly on our people, but we also owe it to our customers to operate efficiently and ensure that when they book their holiday with us our administrative costs are as low as possible.”

In August, Thomas Cook merged with Co-op Travel and Midlands Co-op and owns 70 per cent of the group. There are branches of Co-op Travel in Abbey Road, Bourne; the Precinct in Market Deeping and Burley Road, Oakham.

It is not yet known if any of those stores are at risk.