Virgin Holidays has cut costs across the business by 7% as a result of axeing 40 jobs.
The tour operator said it had conducted a thorough review of costs in order to meet the challenges of the current economic climate.
In a statement, the company said: “In addition to the cost savings identified as a result of this review, organisational changes have been proposed. These proactive changes will enable the company to ….maintain its strong market position moving forward.”
The savings have been achieved through natural attrition, a reduction in short-term contracted roles and a review of “selected additional roles” across the company, affecting around 40 roles in total.
The company employs 600 permanent staff in its UK office.