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Thomas Cook: Insolvency

Department for Business, Energy and Industrial Strategy written question – answered on 31st October 2019.

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Photo of Lisa Forbes Lisa Forbes Labour, Peterborough

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 21 October 2019 to Question 737, how many of the (a) 7,186 and (b) 462 former Thomas Cook employees who specifically stated in their claim that Peterborough was their place of work have received redundancy payments to date.

Photo of Kelly Tolhurst Kelly Tolhurst Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

Holding answer received on 28 October 2019

Three thousand of the 9,000 staff employed by Thomas Cook were retained after the commencement of the liquidation to assist repatriation work and the liquidation process. This included many at the HQ in Peterborough responsible for areas such as payroll.

As a result, a number of the Peterborough claims are from employees made redundant in the last week following the end of the repatriation exercise and are therefore currently still being assessed and processed for payment. Administering redundancy payments is an ongoing process as claims are verified and further payroll information is received. The Redundancy Payments Service will process outstanding payments as quickly as possible.

As of 29 October 2019, of the 7,627 former Thomas Cook employees who have submitted claims to the Insolvency Service’s Redundancy Payments Service, 7,483 have received one or more payment. Of the 587 former Thomas Cook employees who specifically state in their claim that Peterborough was their place of work, 555 have received one or more payment.

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