News

MYTRAVEL is making a raft of redundancies today following a wholesale review of 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
already announced.
Sources put the number of jobs to have come out of the UK business since Christmas at 1000, including natural wastage and job shares.
The review, conducted on a shop-by-shop basis, considered the profitability of 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 shop managers today.
MyTravel distribution and charter tour operations managing director Steve Endacott said: "These cuts are painful and difficult but the measures are necessary if we are to have a cost base which allows us to move forward on a sound financial basis."
"There are no plans for wholesale shop closures although the shop portfolio is always in a state of flux."
MyTravel is rumoured to have rejected approaches from rivals including Cosmos and Global Travel Group about buying up Going Places shops.

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