As Britain’s big name brands go bust, employees must now be made aware of the benefits of working for an SME or becoming self-employed in this turbulent business climate.
News that 21,000 employees of Thomas Cook, 9,000 of which are based in the UK, have lost their jobs following the collapse of the 178-year old company, will no doubt have staff and their families contemplating what the future holds in the run-up to Christmas.
Thomas Cook Group, including the UK tour operator and airline has now ceased trading with immediate effect.
Reports in The Guardian newspaper that Thomas Cook bosses received bonuses of £20m in the last five years is also sure to leave outed staff with a bitter-sweet outlook as they begin their search for new jobs.
While the ex-employees of one of Britain’s most well-known travel brands may reel in the shock for some time to come, and as they join the trail of others left without work as a result of other large high-street firms that have gone bust in recent times, it is vital that staff are aware that there are options available to them.
Lyndon Wood, CEO, Constructaquote said, “This is a very difficult time for the families of those working for Thomas Cook. It’s a bad situation at any time of year but in the lead-up to Christmas everyone feels a crisis like this even more. Leveraging debt is always a bad decision and it is unbelievable how a business of this size can go bust,”
Many people will be mulling over their situation but they need to be aware there are real options available to them. These highly-skilled people now have the opportunity to become self-employed and further increase their earnings in the travel sector.
Wood added, “Becoming a self-employed travel consultant could provide people with the opportunity to up their skillset and to have complete control over their time and earnings due to the flexible nature of working for yourself. The cost of starting a business from home, may, in the long-term at least, be of benefit and allow people to take their careers to the next level at a time when Britain’s ‘big brands’ are going bust.”