MYTRAVEL is making a raft of redundancies today following a wholesale reviewof its retail network.
The company refused to put a figure on the number of shop staff leaving, but
a spokeswoman confirmed the cuts would form part of the 700 redundancies
Sources put the number of jobs to have come out of the UK business sinceChristmas at 1000, including natural wastage and job shares.
The review, conducted on a shop-by-shop basis, considered the profitabilityof each outlet before deciding on the total cuts required.
Regional managers were briefed on Wednesday about the number of jobs to go,though the final decision on who loses out will be made by individual shopmanagers today.
MyTravel distribution and charter tour operations managing director SteveEndacott said: “These cuts are painful and difficult but the measures arenecessary if we are to have a cost base which allows us to move forward on asound financial basis.”
“There are no plans for wholesale shop closures although the shop portfoliois always in a state of flux.”
MyTravel is rumoured to have rejected approaches from rivals includingCosmos and Global Travel Group about buying up Going Places shops.
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