Travelocity and lastminute.com have finalised their European management structure amd revealed plans for the integration of their British businesses which could result in the closure of Travelocity.co.uk’s Essex office, which houses 86 employees.
The business will be known as lastminute.com and will comprise multiple brands. Both the lastminute.com and travelocity.co.uk websites will continue to be marketed actively.
“When the acquisition closed we said we intended to maintain a multi-brand approach where it makes sense, and share underlying infrastructure, technology and supplier relationships to drive cost savings,” said Brent Hoberman, chief executive officer of lastminute.com. “This is a classic example of that approach. We will continue to pursue opportunities to share products and technology to create the best possible offering for consumers and suppliers.”
The companies have revealed that they might consolidate their British operations into lastminute.com’s existing premises in London and the South-East , which could result in the closing of travelocity.co.uk’s one office in Stansted Mountfitchet in Essex. Eighty-five Travelocity employees are currently based in Stansted Mountfitchet.
“We have begun consultation with our employees, and are discussing an option to close our Stansted Mountfitchet location,” said Hoberman. “Should we move forward with this plan, it’s our fervent hope that our Stansted Mountfitchet staff would choose to apply for new positions in our other offices.”
The companies have also finalised their European management structure. Business operations will be led by Damon Tassone, deputy CEO, and Ian McCaig, group managing director. Both will report to Hoberman.
Mike Remedios of lastminute.com will be chief information officer (CIO) of the combined organisation in Europe, while Arun Rajan of Travelocity is chief technology officer (CTO), leading technology integration and focusing on improvements in performance, process, and quality.
Ed Kamm moves from the position of chief financial officer (CFO) of Travelocity in the United States, to take the same position in the European business.
Mark Jones will become managing director in the combined UK organisation, responsible for all of the company’s brands and businesses here. Ned Booth will continue to lead travelocity.co.uk, reporting to Jones.