Channel Islands Co-operative Society has announced plans to close its Co-operative Travelmaker agencies at the end of next month.
Chief executive Mark Cox said the decision had been made after a strategic review of its business and “given the negative and protracted impact” Covid-19 had inflicted on the travel sector.
Its four stores – three in Jersey and one in Guernsey, which have regularly been shortlisted in TTG’s Top 50 – will shut on 31 January.
Travelmaker stopped taking new bookings on Friday 18 December.
“We have made every possible attempt to avoid this closure, however we are unable to sustain the level of losses incurred by this strand of the Society,” said Cox in a statement.
“All affected colleagues in Jersey and Guernsey have been told and are currently being supported. They have been given the option of redeployment within other areas of the Co-op business, or the option of redundancy.”