HolidayCheck Group AG plans staff reductions for sustainable cost reduction

Ad hoc release, Munich, 3rd August 2020, 12:53 CET – As a reaction to the COVID-19 pandemic and the resulting reluctance to travel, the Management Board of HolidayCheck Group AG plans a reduction in staff as part of a comprehensive cost-cutting programme to achieve a sustained reduction in personnel costs. The staff cuts planned by the end of 2020 will probably affect around 100 employees. This corresponds to around 20 percent of the total workforce.

About HolidayCheck Group AG:

HolidayCheck Group AG (ISIN DE005495329), Munich, Germany, is one of Europe’s leading digital firms for holidaymakers. With a total workforce of around 490, HolidayCheck Group comprises HolidayCheck AG (which operates hotel review and travel booking portals by the same name), HC Touristik GmbH (which operates the tour operator HolidayCheck Reisen), Driveboo AG (which operates the car rental portal MietwagenCheck and Driveboo), and MeteoVista B.V. (which operates  weather portals in the Benelux area). HolidayCheck Group’s vision is to become the world’s most holidaymaker-friendly company in the world.