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Crisis triggers Airtours cost cuts

(28 September 2001)

AIRTOURS is cutting costs across the business as it tightens its belt in the wake of the terrorist attacks in the US and the impending military action.

Staff parties are being dropped, attendance at ABTA is under review and the company has placed a freeze on all new recruitment and the use of temporary staff. The Going Places Conference, due to take place in Tunisia on November 3 and 4, will now be held in the UK and while this week’s UK managers’ conference will go ahead, dinner and overnight accommodation will no longer be provided.

Airtours chief executive Richard Carrick said: “If I said there won’t be job losses, I’d be lying, because I don’t know. Airtours is having to tighten its belt on all unnecessary expenditure.

“I wouldn’t want to be announcing job cuts without first having done that.”

 

Juliet dennis and Martin Lane