ON-LINE agency ebookers.com has revealed that it is to shed
up to 20% of its workforce.
The move is one of a number of cost reduction measures
instigated as a result of the September 11 terrorist attacks on the US. The company
employs 700 people across 11 countries.
In an attempt to cut costs, supplier contracts and other
overheads are also being reviewed.
Despite a short-term impact on trade following September 11,
a statement issued by ebookers said it expects to report strong third quarter
results on October 29.
Chief executive officer Dinesh Dhamija said: “There are
strong indications within our business that consumer interest is gradually
returning towards normal levels. However, we are taking decisive measures to
ensure that we have the cost structure suitable for slower growth of demand and
yet the flexibility to take advantage of both the complete return of demand and
other market opportunities that this environment presents.”