BUSINESS travel agency Ayscough Travel has cut staff wages
to ensure the long-term survival of the company.
All staff in its 10 offices including London, Manchester and
Glasgow have been hit by a 20% cut in salary.
Ayscough, headed by Guild of Business Travel Agents chairman
Don Lunn, is one of the UK’s leading business travel agents with a raft of
blue-chip clients including Tesco, United Biscuits, Lego and Grattan.
But the company was hit by the enforcement of travel
embargoes by some clients and the decision by others to scale down their
arrangements.
Managing director Bob Morgan said: “We have to protect our
company and staff and with a large proportion of costs being salaries, it was
necessary to explore a reduction in this area.”
Ayscough hopes the wage cuts will only be a short-term
measure aimed at safeguarding the company’s future.