Gold Medal Travel is to announce a restructure of its business.

Although he would not discuss details, managing director Terry Fisher said it will involve the tour operator and consolidator’s future strategy, marketing and board.

He refused to comment on industry speculation about redundancies, promising only to reveals details on Monday when a formal announcement is made.

In August last year the Gold Medal board was expanded to include a new marketing director and yield manager, and in October David Holland joined from rival Travel 2/4 as sales director.

The changes, including a reorganisation of the call centre, were made to improve the way Gold Medal works with the trade, a move Fisher said was going “very well”.