Monday, October 9, 2006

Not another Travelport post

I am not going to say anything as I am over my former job and determined not to post so here is a cut and paste of parts of the latest story

"Travelport CEO Jeff Clarke has provided more details about the $75m-worth of cost savings first mentioned during last month’s Q2 earnings call with US analysts.....

...they relate to service contract renegotiations and identified headcount reductions

By category, Travelport expects to realise savings of $15m from telecoms, $45m from information technology and $15m of other general and administrative.

In terms of the headcount reductions, Travelport is ‘re-aligning staffing levels in IT application, development and maintenance’"

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