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Monarch Airlines plans to cut 50 jobs across its workforce - 25 of which will directly affect staff from Luton.
The decision will include workers at the airline's Luton head office, as well as Monarch Aircraft Engineering's bases and UK line stations at Luton, Gatwick, Manchester and Birmingham airports.
The reductions, out of a total headcount of 3,000 employees, are being made in order to remain competitive, according to the company.
Monarch Travel Group CEO Peter Brown said: "While Monarch's business remains very strong, it is incumbent upon us to ensure that our cost base remains competitive.
"We obviously regret these job losses, but we are pleased that we have been able to limit the reduction to 50 staff. This in itself is a reflection of that fact that we were already operating an efficient business model and have, therefore, announced far fewer reductions than many other businesses in our sector."
Monarch Airlines currently operates a fleet of 30 aircraft, carrying more than seven million passengers a year to more than 100 destinations worldwide.
Sister company, Monarch Aircraft Engineering Ltd, provides engineering support to Monarch Airlines, as well as third party carriers around the world.
Source
The decision will include workers at the airline's Luton head office, as well as Monarch Aircraft Engineering's bases and UK line stations at Luton, Gatwick, Manchester and Birmingham airports.
The reductions, out of a total headcount of 3,000 employees, are being made in order to remain competitive, according to the company.
Monarch Travel Group CEO Peter Brown said: "While Monarch's business remains very strong, it is incumbent upon us to ensure that our cost base remains competitive.
"We obviously regret these job losses, but we are pleased that we have been able to limit the reduction to 50 staff. This in itself is a reflection of that fact that we were already operating an efficient business model and have, therefore, announced far fewer reductions than many other businesses in our sector."
Monarch Airlines currently operates a fleet of 30 aircraft, carrying more than seven million passengers a year to more than 100 destinations worldwide.
Sister company, Monarch Aircraft Engineering Ltd, provides engineering support to Monarch Airlines, as well as third party carriers around the world.
Source
