Bed bank Youtravel.com is to make nine staff redundant.
In total three staff are affected in the UK offices in Working; a customer service role, administration role and sales support role. These staff are now in a week’s consultation period. Six staff in operations are to go from the company’s Athens head office.
The company said the recent management buyout of agency Qwerty Travel, which was previously owned by the bed bank, was the main reason for the UK redundancies. It is understood certain roles were no longer needed as a result of the agency no longer being part of the bed bank.
Group managing director Graham Nichols said: “Following the recent management buyout of youtravel.com’s sister company Qwerty Travel, we have made some organisational changes to the business which have resulted in three UK roles being affected.”
The cuts in Athens are a result of Youtravel.com becoming a mature business after two years of building up the company, added Nichols. “This means that our staffiing and support needs are different to when we were setting up and establishing the company.”
Youtravel.com currently employs 90 staff and will carry more than 500,000 passengers in the 2008-2009 financial year. It is on target to achieve turnover of 112 million euros for its second financial year.