SPECULATION
is rising as to how costs will be slashed at MyTravel with news that 700 jobs
could go in the UK.
As
fears rise among the UK’s 15,000-strong workforce, staff at MyTravel’s
under-performing businesses are being consulted to suggest cost savings, with
redundancies most likely at head office.
Capacity
cuts are planned within the charter operations, which could lead to reduced
regional flights, shifting aircraft overseas or taking them out of action
completely.
The
latest announcement comes as a reaction to tough trading created by a potential
war, a loss of £72.8 million announced in November, and a poor January.