{"id":19360,"date":"2019-10-23T16:40:22","date_gmt":"2019-10-23T15:40:22","guid":{"rendered":"http:\/\/unitelive.org\/?p=19360"},"modified":"2020-11-12T12:55:05","modified_gmt":"2020-11-12T12:55:05","slug":"thomas-cook-select-committee-hearing","status":"publish","type":"post","link":"https:\/\/unitelive.test.igniteamt.com\/?p=19360","title":{"rendered":"‘Total failure’"},"content":{"rendered":"
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The government\u00e2\u20ac\u2122s inaction and its failure to intervene and save some or all of collapsed travel company Thomas Cook was further exposed at the Commons Business, Energy and Industrial Strategy select committee hearing today (October 23).<\/p>\n

 <\/p>\n

While giving evidence Dean Beale the chief executive officer of the Insolvency Service revealed that on September 13, 10 days before Thomas Cook went into compulsory liquidation, he had written a brief for Andrea Leadsom MP the secretary of state for BEIS, outlining what would occur if Thomas Cook was forced into compulsory liquidation.<\/p>\n

 <\/p>\n

Despite receiving that brief it is now known that neither Ms Leadsom<\/a> nor any junior minister or official at BEIS made contact with Thomas Cook before its collapse.<\/p>\n

 <\/p>\n

Also during his evidence session Mr Beale revealed that \u00c2\u014111 million had been spent on the fees charged by the special managers KPMG and Alix Partners in the first four weeks since Thomas Cook\u00e2\u20ac\u2122s collapse in liquidating the company.<\/p>\n

 <\/p>\n

Those fees are on top of the expected \u00c2\u0141100 million cost of the repatriation of Thomas Cook holidaymakers and the millions of pounds of taxpayers\u00e2\u20ac\u2122 money spent on paying redundancy pay, notice pay and other monies owed to the 9,000 workers who lost their jobs.<\/p>\n

 <\/p>\n

\u00e2\u20ac\u015bThe admission from the Insolvency Service further highlights the inertia and inaction of the government prior to Thomas Cook\u00e2\u20ac\u2122s collapse,” said Unite assistant general secretary Diana Holland.<\/p>\n

 <\/p>\n

\u00e2\u20ac\u015bDespite receiving a direct briefing about the consequences of Thomas Cook\u00e2\u20ac\u2122s collapse, no one at the department of BEIS including Andrea Leadsom thought it worth holding meetings with Thomas Cook, or even picking up the phone and speaking to them.<\/p>\n

 <\/p>\n

\u00e2\u20ac\u015bThe department for BEIS needs to reveal if a cost benefit analysis was ever produced comparing the cost of providing a bridging loan to Thomas Cook, to the cost to the taxpayers of the company\u00e2\u20ac\u2122s liquidation. Taking into account the actions identified by the Airline Insolvency Review that does not require primary legislation.<\/p>\n

 <\/p>\n

\u00e2\u20ac\u015bIf no analysis was carried out this is a further gross dereliction of the government\u00e2\u20ac\u2122s duty and its total failure to protect a loyal and dedicated workforce.\u00e2\u20ac\u0165<\/p>\n

 <\/p>\n

Today’s hearing follows a previous one on Tuesday (October 22), where Holland gave evidence on behalf of Unite and its Thomas Cook members.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government\u00e2\u20ac\u2122s inaction and its failure to intervene and save some or all of collapsed travel company Thomas Cook was further exposed at the Commons Business, Energy and Industrial Strategy select committee hearing today (October 23).   While giving evidence Dean Beale the chief executive officer of the Insolvency Service revealed that on September 13, […]<\/p>\n","protected":false},"author":2,"featured_media":8842,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[1251,1233],"wps_subtitle":"Government inaction on Thomas Cook exposed at select committee","_links":{"self":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/19360"}],"collection":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19360"}],"version-history":[{"count":2,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/19360\/revisions"}],"predecessor-version":[{"id":24893,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/19360\/revisions\/24893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/media\/8842"}],"wp:attachment":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}