THE company behind coach firm Shearings, who provide holidays for over 50s, has collapsed into administration with 2,500 jobs lost.
Specialist Leisure Group (SLG) has become the latest victim of the coronavirus crisis with 64,000 holiday bookings cancelled.
But travel trade organisation Abta confirmed the vast majority were coach package holidays which are financially protected, so customers with these bookings will receive a full refund.
Administrator EY said that more than 2000 staff who had been furloughed would now be made redundant.
SLG's other businesses, UK Breakaways, Coast & Country Hotels, Bay Hotels, Country Living Hotels, and Wallace Arnold Travel, have also folded.
The firm also runs Sportingbreaks.com, which organises trips to events such as the Grand Prix at Silverstone and Wimbledon.
The business has been mauled by the coronavirus crisis, which has seen the tourist and hospitality industries shut down almost completely.
More to follow…
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