Southern Cross halves staff numbers
Southern Cross Travel Insurance is slashing its staff numbers from 90 to 45 people.
Tuesday, June 2nd 2020, 5:36PM
The proposed changes relate only to Southern Cross Travel Insurance and not to any of the other Southern Cross businesses.
It has proposed a restructure as a result of the shut-down of international travel due to COVID-19.
“Like many others in the travel sector, we have been severely impacted by the pandemic, and as a result we are looking to reduce costs and scale down our workforce for the immediate future," SCTI chief executive Chris White says.
“A strong return to international travel, our core business, is unlikely in the medium term and as difficult as it is, we have no choice but to take steps to ensure the long-term sustainability of the business.
“Our focus now is on reshaping the business, so we are ready to scale up again when international travel is back to full strength.”
This is its second reduction in staff numbers. When international border closures first took hold, it reduced its workforce from 116 to 90 by discontinuing arrangements with temporary staff and contractors.
White said that while the proposed restructure wasn’t necessarily a shock for staff, it was tough for everyone.
| « Fitch runs Covid-19 ruler over industry | nib Foundation supports Lifeline to the tune of $150,000 » |
Special Offers
Comments from our readers
No comments yet
Sign In to add your comment
|
|
Printable version |
|
Email to a friend |
