The Official Receiver will determine when Thomas Cook employees receive their September pay. This will therefore affect the 760 employees in Palma. They, as with other employees, are treated as preferential creditors for arrears in pay. It seems to be the case that the company's existing funds will be sufficient to ensure that they are paid for September without it being necessary to wait for the liquidation process.
Tourism
Receiver will decide when Thomas Cook employees are paid
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Asking for a friend: Do you know if this includes European staff working for Thomas Cook on the island as well as UK staff and will they be paid into the account they were originally paid into?? TIA