MISSISSAUGA — Red Label Vacations (RLV) has announced a round of company-wide temporary layoffs, effective immediately.

RLV, the parent company of TravelBrands, redtag.ca, itravel2000 and The Travel Experts, says multiple employees across various departments have been affected.

“Covid-19 has had a tremendous impact globally and especially on the travel industry,” says Frank DeMarinis, CEO, RLV.

“Though we know that we will come out of this pandemic stronger and more resilient, the current market conditions, unfortunately, forced us to make this devastating decision. I am hopeful that these layoffs will be short lived and we look forward to getting back to full staffing in due time. Now more than ever, we must strive to keep our spirits high and think of what is most important in life – our health and the well-being of our family and friends including our extended work family. I thank all of my RLV family for their patience and understanding, our success has always been built on their hard work and dedication.”

RLV says its core teams are still working to handle bookings and travel product inquiries from agents.

The company says it will reevaluate sales and external factors in a few weeks to determine the next steps, whether that’s more temporary layoffs or reinstating its full workforce.