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MyTravel poised to cut 700 jobs
MyTravel is planning to cut up to 700 of its 15,000 UK staff to reduce costs.
News agency Ananova reports that the firm says it is entering into a consultation period with employees which “unless savings can be achieved by alternative means, may result in up to 700 redundancies” in the UK.
The group, formerly known as Airtours, said the decision had been taken against a background of “difficult and uncertain” market conditions.
It says: “This is in addition to other efforts which the company is making to reduce costs, including a programme to reduce charter capacity, with a view to adjusting its cost base to better reflect current market conditions.”
A MyTravel spokesman told the BBC that it would be a month before the number of redundancies was known. He said the job losses would not be “blanket across the group, (they are) in various businesses”.
He added that “administration head office-type functions” could be at risk.
The spokesman said that the cuts were “not directed at (travel agency) staff but that doesn’t mean they won’t be affected”.
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