Iglu enters into consultation with staff warning jobs are at risk ‘across the business’
Travel agent Iglu is looking to slash its operating costs by 40% to 50% due to the extended pause in cruise operations.
CEO Richard Downs has written to its 400 employees warning them that roles across the Wimbledon-based business are at risk as a result.
In a statement to the media, he said: "Iglu.com will be entering into a consultation process with staff as part of a full strategic review to reshape the business, with the goal of emerging from the pandemic stronger and poised to grow again when demand returns."
He said the ‘unprecedented circumstances of the last few months have been the most challenging period in the 22 years since Iglu.com launched’, adding: "I cannot thank our team enough for their dedication, support and resilience, in such difficult circumstances.
"The success enjoyed at Iglu.com has been driven by the people who work here, so it is with great regret that it has become necessary to restructure the business.
"We are proposing to reduce our operating costs by 40-50% to be a more appropriate size for the current trading environment. We are doing this as a short-term measure so that we can emerge stronger and return to growth when cruisers and skiers are able to travel again."
Richard said cruise and ski specialist had investigated ‘all avenues’ in order to retain jobs but he said the cuts were necessary due to the pause in cruise operations, from which it derives the majority of its revenue.
"We have organised external support for staff whose roles are made redundant after the consultation period, we will do all we can to help them showcase the great skills and experience we know they have to offer," he added.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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