- Analytics
- News and Tools
- Market News
- UK's travel sector facing new wave of job cuts - industry body
UK's travel sector facing new wave of job cuts - industry body
Reuters reports that travel industry body ABTA said that Britain's travel sector is bracing for a new wave of job cuts.
Airlines and travel companies have slammed Britain's travel rules as overly expensive and complicated, and blame them for a second lost summer of holiday trade in 2021.
ABTA said that new bookings were 83% lower in summer 2021 compared to their pre-pandemic levels, and as a result most of its members were planning more job cuts at the end of this month when a furlough scheme ends.
Estimated new redundancies will bring the total number of jobs lost during COVID-19 to nearly 100,000 in the outbound travel sector, said ABTA, a figure which rises to 226,000 once the impact on the supply chain is included.
ABTA echoed calls from airlines and airports for the government to scrap the requirement for fully vaccinated travellers returning to the UK to take expensive PCR tests.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
