Thomas Cook in crisis talks with creditors to save the company

Thomas Cook in crisis talks with creditors to save the company

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

Thomas Cook is on the brink of administration, needing £200 million to avoid collapse. This situation endangers 150,000 British travelers and 20,000 jobs. Trade unions demand government intervention, highlighting the irony of banks pulling support after being bailed out by taxpayers. The Civil Aviation Authority is preparing to repatriate affected customers, while some hotels abroad are already refusing to let guests leave without extra payment due to fears of non-payment by Thomas Cook.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary financial challenge faced by Thomas Cook?

Finding £200 million in extra funds

Increasing their market share

Expanding their business operations

Reducing their workforce

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many jobs are at risk if Thomas Cook collapses?

40,000

10,000

20,000

30,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the trade unions' stance regarding the government's role in the Thomas Cook crisis?

They believe the government should not intervene

They are indifferent to government intervention

They insist the government should step in to save jobs

They want the government to increase taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action is the Civil Aviation Authority planning in response to the Thomas Cook crisis?

Increase flight prices

Repatriate British citizens

Expand flight routes

Cancel all flights

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What issue did British holidaymakers face in Tunisia due to the Thomas Cook crisis?

They were upgraded to first class

They received complimentary meals

They were refused departure without extra payment

They were offered free accommodation