TUI Travel is to make a raft of redundancies at its UK HQ, with hundreds of staff thought to be facing the axe.
The company told staff today that it needs to make a round of redundancies and will be “promoting the voluntary redundancy scheme” and “reviewing current vacancies”.
In a statement issued today, the company said: “Having successfully delivered significant synergy benefits since the merger [with First Choice] three years ago, the business is entering a new phase in its development.
“Like all leading, profitable companies, Tui UK reviews its cost base on an ongoing basis to enable the continued growth of the business and to give customers the best possible holidays.
“The global economic climate continues to be challenging, and there will always be external factors (like the ash crisis) that are beyond our control. However, a low cost base means the business can maintain profitability even when faced with unexpected events.”
TUI has said the job losses are unlikely to affect frontline staff on the high streets.
By Dinah Hatch
