Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://secure.socialistparty.org.uk/issue/1057/29606

From The Socialist newspaper, 25 September 2019

Nationalise Thomas Cook to save jobs and protect passengers

photo Arpingstone (Creative Commons)

photo Arpingstone (Creative Commons)   (Click to enlarge)

Steve Cawley, Cambridgeshire Socialist Party

Thousands of Thomas Cook workers and hundreds of thousands of its customers were devastated by the collapse of the firm on 23 September.

There have been numerous reports of workers, after having been sacked on the spot, making their way to hotels and airports, in their own time and at their own expense, to try to assist their former customers.

Many airports and towns in Britain will be affected by the closure, particularly the Manchester Airport area - 3,000 job losses - and 1,200 office jobs in Peterborough. The numbers of job losses could be 9,000 altogether.

The Tory government evidently have reverted to their normal policy of 'letting private companies go to the wall'. But whereas the boss of Thomas Cook has 'gone to the wall' with an 8 million salary earned (or at least given to him) over the past few years - most front-line staff will be waiting for news of what, if anything at all, is left for them. Yet again, workers are classed as 'unsecured creditors' (end of the queue) in this situation.

Tory Shailesh Vara, the MP whose constituency includes the Thomas Cook HQ site at Lynchwood, Peterborough, expressed concern after the event much as he would for a lightning strike or any other 'act of God'. But of course the firm's collapse was precisely not the act of an angry god but was the result of the capitalist system aided by greed and incompetence by management.

City hedge funds and speculators are also set to make over 200 million out of the company's collapse. Sona Asset Management and XAIA Investment invested in derivatives that pay out when a company defaults.

The labour movement needs its own inquiry calling for the opening of the books to see where the money has gone and taking evidence from former Thomas Cook workers.

The trade unions representing workers have demanded the government step in. Thomas Cook was nationalised in 1948 along with the railways. It should be renationalised under democratic workers' control to save the jobs, along with British Airways and the rest of the transport system.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 25 September 2019:


News

Another blow for Boris. Johnson and Tories must go. General election now!

Labour votes to abolish academies and private schools

Nationalise Thomas Cook to save jobs and protect passengers

Far right pose increasing terrorism threat


What we think

Capitalist political crisis: Central task is to force general election and elect Corbyn-led Labour government on socialist policies


Climate change

Climate Crisis: Socialist Green New Deal needed

4m on climate strikes as workers join students


Workplace news

PCS NEC bypasses members on backing Labour candidates

Hull construction workers strike against blacklisting

CWU reps determined to stop bosses' attacks

Bromley strikers - fighting on to save our libraries

Asda protests


Housing

Housing - bold, socialist measures necessary


Socialist Party reports and campaigns

Standing up for the needs of working-class people


International socialist news and analysis

Drone attacks on Saudi Arabia: Tensions ratcheted up


Opinion

The Socialist Inbox


 

Home   |   The Socialist 25 September 2019   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Thomas Cook:

triangleThem&Us

triangleTravel chaos for Ryanair customers as airline cancels thousands of flights

triangleThomas Cook cabin crew to strike over breaks

Nationalise:

triangleNationalise Ford to prevent closure

triangleNationalise the threatened Glasgow 'Caley' railway depot

triangleThem & Us

trianglePrivatisers sue NHS - kick out the fat cats and fully nationalise our health service!

Jobs:

triangleFighting for free education, jobs, homes, and a future worth living

trianglePay, jobs, pensions... Vote for a fighting general secretary

triangle39 migrants found dead in Essex lorry container

Workers:

triangleBolivia: Right-wing coup ousts Morales

triangleTwitter's banning of political ads threatens workers' voice

Government:

triangleTransport for London - Justice for cleaners!

News and socialist analysis

News and socialist analysis

13/11/19

Education

Save education - Kick out the Tories

13/11/19

Green Party

Green Party offers no alternative for young people and climate change chaos

13/11/19

General election

Strike, Protest, Vote - to Kick the Tories out

13/11/19

CWU

High Court injunction: solidarity to the CWU - support the posties!

13/11/19

NHS

NHS in critical condition

13/11/19

Labour Party

Labour MP targeted by right wing stands as independent

13/11/19

General election

Attacks show elite fear a Corbyn election win

6/11/19

Election

Tories out! Corbyn in with anti-austerity and socialist policies

6/11/19

Grenfell Tower

Grenfell fire inquiry spin deflects blame from establishment

6/11/19

General election

General election 2019 round-up

6/11/19

Tony Blair

Tony Blair launches manifesto to sabotage a Corbyn government

30/10/19

Black history

Black Liberation... Only possible through socialist struggle

30/10/19

General election

Tories out now! Bin Boris

30/10/19

Migration

39 migrants found dead in Essex lorry container

30/10/19

Argos

Argos Christmas bonus cut

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07954 376 096

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


November 2019

October 2019

September 2019

August 2019

July 2019

June 2019

May 2019

April 2019

March 2019

February 2019

January 2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999