ASEAN Forum: Travel firms urged to protect workforce

Travel firms should refrain from cutting jobs because of the recession and look elsewhere to save money, says the head of the Pacific-Asia Travel Association.

PATA president and chief executive Gregory Duffell appealed to bosses not to axe staff.

He told the ASEAN Tourism Forum in Hanoi: “Every chief executive talks about their staff being their company’s most important asset. Then they go to the board and show staff costs as a liability.”

Duffell insisted: “Companies should move staff from the liability to the asset-side of the balance sheet. Do not lay off staff – keep them.”

He added: “Certainly cut perks. Maybe negotiate cuts in salary, but keep your staff and empower them to cut costs.”

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