Thomas Cook Shuts Down

Re:Thomas Cook Shuts Down by busterarm on Monday September 23, 2019 @01:21PM (#21051072)

European bankruptcy law doesn't allow them to do a graceful shutdown. The company is forced to stop operations.

That's the major difference between American and European bankruptcies.

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Re:Thomas Cook Shuts Down by labster on Monday September 23, 2019 @01:33PM (#21051230)

Wow, harsh. If we had that in the US, half of California would be without electricity and heating fuel for months, given the current state of PG&E.

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Re:Thomas Cook Shuts Down by groestl on Monday September 23, 2019 @01:29PM (#21051173)

That's just not true (source: worked for a bankrupt European company once)

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Re:Thomas Cook Shuts Down by busterarm on Monday September 23, 2019 @01:42PM (#21051348)

Not all European countries, just the vast majority of them.

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Re:Thomas Cook Shuts Down by skrebbel on Monday September 23, 2019 @01:22PM (#21051083)

Could you elaborate? Why not?

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Re:Thomas Cook Shuts Down by busterarm on Monday September 23, 2019 @01:25PM (#21051130)

`The company is forced to stop operations.`

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Re:Thomas Cook Shuts Down by skrebbel on Monday September 23, 2019 @01:42PM (#21051350)

I mean, what aspect of European law prevents companies from shutting down gracefully?

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