As the UK quarantine continues to stall business confidence, and with the government’s Coronavirus Job Retention Scheme coming to an end in October, more travel businesses are having to reduce staff numbers.
The BTA, which represents travel management companies, claims the corporate travel sector contributes £220 billion to the UK economy annually, but that 50% of all jobs in the business travel sector are at risk. It also says up to three-in four TMC staff were furloughed at the height of the pandemic.
ABTA has this week declared 39,000 jobs have already been lost or placed at risk across the outbound travel sector, with 65% of companies having either made redundancies already or started a consultation process.
American Express Global Business Travel (GBT), the UK’s largest TMC, has highlighted the potential catastrophe that lies ahead in a recent letter to the UK’s Chancellor of the Exchequer.
At the beginning of August the BTA launched a programme of support, advice and new opportunities for those in the business travel community who find themselves out of work.