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The tour operator said job reductions were made in positions of management and support services to the United Kingdom, with 120 coming from the company decided to not fill the positions.

The company will also improve its computer systems and contracts with suppliers renengotiate to lower costs.

This year, Thomas Cook, Executive Director Manny Fontenla-Novoa Earleir said employees working in the company's workshops and reservation calls and representatives of resort centres would be unlikely to lose their jobs.

Thomas Cook has approximately 13,000 employees in the UK, amounting to 15 000 peak summer period.

Mr. Fontenla-Novoa stated that year at the end of September was the worst year that we experienced after "interruption of volcanic ash, election, cutting world, weak consumer sentiment and a recovery slower than the rest of Europe."

"As we enter the year, even though the UK environment remains uncertain, that we are encouraged by a better market environment in our key markets continental and Scandinavian," Thomas Cook said this morning.

Earnings before taxes fell to ￡ 41.7 the year at the end of September, down from ￡ 45 m.1 m year précédente.Bénéfice operating fell to 391 m ￡, low 6pc with the previous year.

Revenue fell 4pc ￡ 8. 89bn, after Thomas Cook reduce the number of available and lowest winter holiday request of United Kingdom.

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China is the remaining portion of the market strategy emerge from Thomas Cook three panes.?Photo: GETTY

Chief Executive Manny Fontenla-Novoa tells the Sunday Telegraph.Les analysts expect throughout the year results Wednesday for Thomas Cook show profits before taxes before exceptional items by 9 7pc 278 m ￡, with earnings before interest, taxes and amortization 5MC below 394 million to ￡.

China is the remaining portion of the market strategy emerge from Thomas Cook three panes.In 2008, the group bought the Indian travel company it had sold to Dubai Financial Group two years earlier, while Russian entry implies it paid ￡ 28. 5 m in cash and shares, options to purchase the rest over five years.

"Our strategy was to go to the Russia India, China," says Mr. Fontenla-Novoa. " We have the India.We're the Russia this year and we'll look at probably do something in China by 2012. It will probably be a joint venture and an entry similar to the Russian.?

Acquisition of a Chinese travel operator should take longer than the Russian agreement, taking into account concerns réglementaires.Bien British market remains difficult, M. Fontenla-Novoa believes that next year will be easier than 2009-2010.This exercise was the hardest we had to United Kingdom, "he said."

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Operator of second round of Europe, which has been hunting a case for almost two years, will invest up to $ 45 million (￡ 28. 5 m) for a 50 1pc its participation in the oldest Russia business travel. Billionaire Vladimir Evtushenkov system owns the rest.

Thomas Cook will have the option to buy the rest of the société.Manny Fontenla-Novoa, Chief Executive, said that the agreement has created a "very clear path to full ownership within the next three to four years".

The agreement will also Thomas Cook meet demand for Russia Holiday Beach and family, particularly to the Turkey and Egypt, as well as Cyprus, which has a tax treaty with the Russia.

Mr. Fontenla-Novoa has stated that he "hopes of 12-15pc annual growth now" and the Russia at the biggest market in Europe "in five to ten years".

He also stated that the Russian tourists were also more likely to be a rich holiday last minute of the people who were "likely pass as well once at the vacation station as they do on the day itself.

Intourist is the former tourism founded in 1929, when Stalin ruled the soviétique.Elle Union monopoly was acquired by of oil of telecom Holding Russia Sistema in 1994.

In 2009, it is more than 650,000 passagers.En 2010, volumes are by 30pc in nine months to 30 September 2010, compared to the same period last year.

Wealth increases among 142 m with strong economic growth led by natural resources industry.

However, the Russia tourist industry is still recovering from the financial crisis and sales Intourist hits 405 m $ 324 m $ in the year to 31 December 2009, with losses before income taxes in operations that form joint venture totaling $4.2 m.

Russian retail last month expanded at the slowest pace since March as a weaker ruble and sales growth of prices dampened consumer demand while disposable income has been reduced for the first time since August 2009.

Vince Cable company Secretary is currently leading a delegation of chefs d'Entreprise 37 on three days in Moscow trade mission and will be accompanied by patterns of largest companies including British Airways, Rolls Royce, Rio Tinto, Diageo Great Britain in a submission with the Russia to ' strengthen ties and promote trade ".

Companies which have recently invested in Russia include Cadbury, AstraZeneca and marks & Spencer.

Shares of Thomas Cook have increased by 1. 5pc in afternoon trading, 192 p.

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Sources suggest that the sale of Thomas can suffice to connect a loss before taxes of success for the year to July, 2009

Other groups would be interested to purchase Thomas include Viacom and Disney.

However, sources the city said last night that hit may have difficulty in achieving the desired $700 m.

Sources suggest that the sale of Thomas can suffice to connect the loss before taxes of hit 569 m $ for the year to July, 2009, which wiped out the Apax investment value after a devaluation of 500 m $.

In 2005, Apax has purchased a Hit Entertainment for ￡ 489.4 m.

A formal process for the sale of Thomas has not yet started, but it is close.

Lord Waheed Alli, founder of the chorion, particularly wishes to have the popular train and has expressed an interest in Thomas.Il is heard Lord Waheed believes he can obtain funding for the transaction.

However, industry sources said chorion may have to seek funds from a source other than the current funder, capital private investment group 3i.

Smaller groups such as entertainment, also interested to purchase other assets of success.

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Agreement, which is subject to EU competition clearance, is likely to lead to hundreds of job losses and see an estimated 70 to 1,200 total branches are closed.

In the agreement, the name of Going Places is likely to disappear from the high street.

The merger will push TUI Travel, leader in the current market to United Kingdom into second place in terms of number of stores, depending on how many transfers his new rival is obliged to do.

"This is the marriage of two more trustworthy, travel retail brands", said Peter Marks, Executive Steering Group of the co-op.

Thomas Cook and the co-op fought dernièrement.Thomas Cook Cup between 300 and 400 jobs in a separate, restructuring exercise while profit co-op travel Division declined by 70pc in the first half of the year.

Manny Fontenla-Novoa, CEO of Thomas Cook, Executive said the market travel in 2010 was "worse than 9/11", due to problems such as volcanic ash.""

Under the terms of the agreement, the combined entity will be owned by Thomas Cook and 30pc by 70pc.Les co-op groups hope to achieve synergies of at least 35 m ￡, primarily from the reduction of costs.

Society will be based at the headquarters of Thomas Cook in Peterborough, which means that up to 200 positions could be assigned to the Office of the co - op de Stoke-on - Trent cooperative .the said yesterday that it will try to find other roles for affected workers.

No money will change hands in the framework of the agreement.

It is estimated that companies will send a ￡ 12 operating profit.4 m and ￡ 0.1 m for the 12 months ending September 30, 2010 and 1 January 2011, respectively.

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