The Travel Network Group has entered into consultation with staff after identifying 30 roles for redundancy across the group – more than a quarter of its workforce.
The proposed redundancies are spread across six of the consortium’s establishments, and include 18 roles at the group’s Woking HQ. TTNG currently employs 112 people.
Chief executive Gary Lewis said it was "with a heavy heart" the group had, as a result of the ongoing effects of Covid-19, been forced to enter into redundancy consultation this week as part of "wider cost-saving measures" across the group.
TTNG expects the process to be completed by the end of September, and stressed it was offering its full support to all employees during the period of uncertainty.
The group said in a statement it entered into consultation with staff during the early stages of the coronavirus crisis as part of an assessment of the potential impact of Covid on travel.
"When the government introduced the Job Retention Scheme, all those already involved in the consultation process were offered the option of being placed on furlough, along with other staff, rather than continue with the redundancy process," said TTNG.
"Following the changes to the job retention scheme in July, TTNG will not continue with the furlough scheme beyond 30 September 2020 for a number of employees, and is proposing to continue the consultations started in March.
"This will conclude the redundancy process for those roles, in addition to another 15 which have been identified as at-risk."
Lewis added: "Everyone in our team recognises this is a difficult and uncertain time for our industry, especially the individuals whose roles are affected by this crisis.
"The recent announcements on blanket quarantine measures, FCO travel restrictions and cancellations of flights and tours have hugely impacted consumer confidence, which has amplified the challenges faced by the travel industry and has had a knock-on effect on our revenues, and our members’ revenues.
"The streamlining of the business will not negatively impact the services we provide our members, but they are necessary to ensure The Travel Network Group remains strong, robust and able to support them now and in the future during these incredibly challenging times."