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.
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