Virgin Holidays employs around 600 people in it's UK office and is set to cut staffing costs as part of an overall plan to reduce operating costs by 7%. It is hoped that much of the proposed job losses can be managed through 'natural wastage' in contracted positions and peripheral workers.Virgin sate that making these adjustments will keep the company in the 'best position to meet the challenges of the current economic climate'.
In all, these measures seem reasonable and cutting costs now may save other jobs in the long run. It is quite evident that the travel industry will be a clear casualty of the recession.
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