Ayscough Travel reduces wages

Ayscough Travel reduces wages

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.

“Our staff have been very supportive of the decisions and their resolve to tackle this situation together as a team demonstrates the depth of feeling within the company.”

Ayscough hopes the wage cuts will only be a short-term measure aimed at safeguarding the firm’s future.

“We all hope the current climate will improve and business will start to pick up again in the future,” said Morgan. “But in the meantime, we must ensure that Ayscough Travel remains able to service its customers throughout this difficult period and also in the future.”

Morgan: the move will only be a short-term measure