EMCC European Monitoring Centre on Change

Saga

Company/Organisation:
Saga

Geographic Location

Country: United Kingdom

Company

Sector: Administrative services
Administrative and support service activities
79.11 - Travel agency activities
Number Employed: 4245
Group: Saga Group

Employment Effects

Announcement Date: 09-07-2020
Planned Job Reductions min: 300
Planned Job Reductions max: 300
Type of Restructuring: Internal restructuring

Additional Information

Saga, the British holiday company, has announced that it has started redundancy consultations with its staff to cut up to 300 jobs. The company did not share further details about the planned restructuring. A spokesperson for Saga said the job cuts were necessary to compensate for reduced customer numbers: all of Saga’s cruises have been suspended since March, due to the COVID-19 health crisis.

Saga specialises in providing cruises, package holidays and insurance services to customers over the age of 50.

Sources: