Red Label Vacations Inc. (RLV), the parent company of TravelBrands, redtag.ca, itravel2000 and The Travel Experts, announced Monday (March 30th) that it will be temporarily laying off several employees, which will take effect immediately.
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"COVID-19 has had a tremendous impact globally and especially on the travel industry. Though we know that we will come out of this pandemic stronger and more resilient, the current market conditions, unfortunately, forced us to make this devastating decision. I am hopeful that these layoffs will be short lived and we look forward to getting back to full staffing in due time. Now more than ever we must strive to keep our spirits high and think of what is most important in life - our health and well-being of our family and friends including our extended work family. I thank all of the RLV family for their patience and understanding, our success has always been built on their hard work and dedication," said Frank DeMarinis, CEO of RLV.
The layoffs are distributed throughout the company and affect all departments and teams.
RLV guarantees its partners, customers and travel agents that the necessary staff are always working to manage the volume of all calls and requests for products, said the press release.
RLV says it will reassess sales and external factors in a few weeks to determine next steps. This may include more temporary layoffs or, hopefully, getting everyone back to work full time.