Type
Internal restructuring
Country
Ireland
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Trade, Except Of Motor Vehicles And Motorcycles
47 - Retail trade, except of motor vehicles and motorcycles

95 jobs
Number of planned job losses
Job loss
Announcement Date
14 August 2009
Employment effect (start)
Foreseen end date

Description

Low-cost travel agent Budget Travel has announced 95 redundancies out of a total labour force of 266. The redundancies will mean that the company plans to close 14 of its 31 shops across Ireland. The company has attributed the redundancies to a 30 per cent-plus drop in the number of package holidays booked recently. Budget Travel intends cutting 75 staff across its Irish retail network plus an additional 20 from its head office.


Sources

Citation

Eurofound (2009), Budget Travel, Internal restructuring in Ireland, factsheet number 69438, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69438.