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Latest News

No last-minute reprieve for jobs as axe falls at dotcom

by Personnel Today 5 Aug 2004
by Personnel Today 5 Aug 2004

No
last-minute reprieve for jobs as axe falls at online travel agent

Online
travel agent Lastminute.com plans to cut about 350 jobs in an effort to cut
costs by 10 per cent next year.

The
move comes despite the company reporting slightly higher profits for the three
months to June.

Its
profits before tax and financial charges came in at £4.3m, up from £4.1m in the
previous quarter.

Chief
executive Brent Hoberman said the lay-offs were needed to prevent duplication
of staff roles following a number of recent acquisitions.

Lastminute
traditionally does the bulk of its business during June, July and August, when
large numbers of people in the UK and Europe go on holiday.

By
Mike Berry

Personnel Today
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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