Abercrombie & Kent is consulting with staff about a restructure to cut costs in the wake of the pandemic.
The restructure also includes Cox & Kings, which it acquired in December.
A statement from the company said: “Along with the entire travel industry, Abercrombie & Kent and Cox & Kings have been severely impacted by the current Covid-19 crisis.
“In order to ensure that both businesses maintain their positions as leaders in the UK luxury market for years to come, a consultation process with staff commenced on 8 July 2020.”
Kerry Golds, managing director, said: “While we have taken action to reduce costs wherever possible, including the utilisation of the Government Retention Scheme, unfortunately these actions have not been sufficient due to the reduction in consumer demand. As a result, we have made the difficult decision to make reductions across both businesses.
“I have been incredibly proud of the way that all our staff, both those working and those on furlough, have approached the last few months with support and commitment to the business.
“As we move into the recovery phase of this crisis, our aim is to redefine the structure of the business for the future, preserving as many roles as we can, and supporting everyone, both professionally and personally, during these challenging times.
“Our vision for both brands remains unchanged, and we will continue to deliver the excellent service and outstanding travel experiences across our tailor-made, escorted small group tours, beaches and villas portfolios.
“The global Abercrombie & Kent group is better placed than many to deal with the impact of Covid-19, but we must adapt to ensure its future and I have every confidence that when the tourism industry recovers the Abercrombie & Kent and Cox & Kings brands will continue to lead the way.”
In May, Golds said the company was bringing some staff back from furlough and looking at how it can optimise the workforce across the brands.
She said all travel companies would be looking at their structures over the coming weeks and months as they deal with the impact of lockdown.
“Everyone is looking to consolidate [within their own businesses] to make sure that their overheads are controlled,” she said at the time.
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