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330 jobs to go at Holiday Extras
Holiday Extras has begun a consultation process to make 330 staff redundant as it restructures under a two-year recovery plan.
The company said 250 roles at its Kent head office and 80 around the group business, which includes Airparks, ParkIT, Chauntry and the Holiday Extras team in Germany, will go.
It blamed ‘lower than expected demand and capacity in the market over the coming year’, leading to reduced revenues because of coronavirus, and said reductions would be made across every team in the business.
Holiday Extras said the UK government’s furlough scheme has allowed it to ‘save more roles than would otherwise have been the case’ and said it is also in the final stages of securing a government backed extension to its current debt facility.
Group CEO Matthew Pack said: "Holiday Extras has been in my family for 37 years.
"Alongside my leadership team, we have worked continuously over the course of the pandemic to ensure that we will come through this downturn. Unfortunately, today we’ve had to take this very difficult decision to safeguard the future of the business for our customers and remaining employees."
"Our teams and culture are so important to our success and we’re committed to keeping Holiday Extras a great place to work.
"We’ve left no stone unturned in making these extremely tough choices, but we believe we’ve remained true to our values which we will protect for the long-term for our remaining team members, customers and partners alike."
Employees are being supported with a ‘help website’ offering specific training courses and answers to frequently asked questions has been created to offer further guidance to managers. A similar site, offering advice, including CV-crafting, as well as additional training and access to helpful resources will also be provided to all employees impacted by the restructure.
By Lisa James, Deputy Editor (UK)
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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