Members of the European Parliament (MEPs) have expressed concern over the collapse of Thomas Cook. 600 000 people were left stranded and thousands of job were lost.
32 airlines have gone bankrupt since 2017 and MEPs want the European Commission to assess if new measures are needed to prevent such situations.
The MEPs have said that Governments should use the European Social Fund and Globalisation Adjustment Fund to help workers made redundant and companies damaged by the collapse of Thomas Cook .
The Commission and member states should ensure that workers affected by insolvency are guaranteed their earned wages and retirement benefits, they add.
It has been proposed that there should be greater consumer protection in cases of business failure and that these should be included in the EU’s passenger rights rules, which are currently under revision.