Type
Closure
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Administrative Services
Travel Agency, Tour Operator And Other Reservation Service And Related Activities
Travel Agency, Tour Operator And Other Reservation Service And Related Activities
79 - Travel agency, tour operator and other reservation service and related activities

1,700 jobs
Number of planned job losses
Job loss
Announcement Date
12 September 2008
Employment effect (start)
Foreseen end date

Description

XL Leisure Group, the UK’s third largest tour operator, has gone into administration and the company’s chairman Phil Wyatt has stated that the jobs of all 1700 UK-based staff are at risk. This will affect staff holding a variety of positions at different sites in the UK, from pilots and cabin crew to call centre staff. Staff at subsidiary company Travel City Direct have already been told to leave the company’s premises and to expect redundancy letters. The administrators, Kroll, have stated that they are attempting to find a buyer for all or part of the business, and the specifics of any rescue package will determine the final number of redundancies and when these will occur.


Sources

  • 12 September 2008: The Financial Times
  • 12 September 2008: The Guardian
  • 12 September 2008: BBC News

Citation

Eurofound (2008), XL Leisure Group, Closure in United Kingdom, factsheet number 67084, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67084.