Thomas Cook workers to hear new company proposal

A proposal to end the row between management and staff at Thomas Cook's Dublin operations is due to be put to workers today.

A proposal to end the row between management and staff at Thomas Cook's Dublin operations is due to be put to workers today.

The union representing staff, the TSSA, is holding a meeting with the employees this morning to outline a proposal agreed late last night following talks at the Labour Relations Commission.

Almost 80 workers are being made redundant following the company's decision to close its two Dublin stores.

They staged a sit-in protest at the Grafton St outlet last week to highlight their anger at the handling of the situation and the redundancy terms being offered.

They were later removed from the building by gardaí enforcing a court order.

Thomas Cook has offered five weeks' pay per year of service as part of the redundancy deal, but the staff are pushing for eight weeks' pay, saying the company was able to pay its chief executive £7m (€8.13m) last year.

In results released today, the UK-based company said it was on track to meet management hopes this year with “robust” trading in the summer season.

But chief executive Manny Fontenla-Novoa added: “Looking beyond the current year we are preparing for continued tough market conditions.”

The company formally dropped its target for operating profits of £480m (€560m) by 2010.

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