Tourism

Thomas Cook Palma subsidiary files for insolvency

The logo of the British travel group Thomas Cook. | Frank Rumpenhorst/dpa

Majorca Daily Bulletin reporterPalma29/09/2019 04:01

In Destination Incoming, the Thomas Cook subsidiary in Palma, has filed for insolvency. A Palma mercantile court will appoint an administrator who will analyse the company's accounts and take decisions based on these.

It looks likely that the company will be liquidated. It was, from Tuesday, already in a pre-insolvency situation, one that had followed the collapse of Thomas Cook. The 760 Thomas Cook staff in Palma were employees of In Destination Incoming.

The CCOO union has organised an assembly for the 760 employees. It will be at 6.30pm on Monday at the union's Palma headquarters. Expert advice will be given at this assembly.