Iglu.com, the UK’s largest independent agent of ski holidays and cruises, has begun its redundancy consultation process.

The company is made up of the brand Igluski, Iglucruise and Planet Cruise, and has started its redundancy process today following the impact of coronavirus on the travel industry.

Iglu.com CEO, Richard Downs said: “Iglu.com will be entering into a consultation process with staff as part of a full strategic review to reshape the business, with the goal of emerging from the pandemic stronger and poised to grow again when demand returns.

“I have written to staff to inform them that roles across the business are at risk.

“The unprecedented circumstances of the last few months have been the most challenging period in the 22 years since Iglu.com launched, as it has been for so many businesses in the travel industry. I cannot thank our team enough for their dedication, support and resilience, in such difficult circumstances.

“The success enjoyed at Iglu.com has been driven by the people who work here, so it is with great regret that it has become necessary to restructure the business.

“We are proposing to reduce our operating costs by 40-50 per cent to be a more appropriate size for the current trading environment. We are doing this as a short term measure so that we can emerge stronger and return to growth when cruisers and skiers are able to travel again.

“We have investigated all avenues in order to retain jobs but as cruising drives the majority of our revenue, and with the pause of cruise operations ongoing, this has become necessary.

“We have organised external support for staff whose roles are made redundant after the consultation period, we will do all we can to help them showcase the great skills and experience we know they have to offer.”

The company’s cruise arm, Iglucruise, currently works with every major cruise line and offers cruise holidays around the globe.

The news from Iglu.com is just the latest in a string of cuts being made by the travel industry, following the fallout from the coronavirus pandemic.