last-minute reprieve for jobs as axe falls at online travel agent
travel agent Lastminute.com plans to cut about 350 jobs in an effort to cut
costs by 10 per cent next year.
move comes despite the company reporting slightly higher profits for the three
months to June.
profits before tax and financial charges came in at £4.3m, up from £4.1m in the
executive Brent Hoberman said the lay-offs were needed to prevent duplication
of staff roles following a number of recent acquisitions.
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.