TROUBLED tour operator MyTravel has stressed there will be no further job cuts despite the announcement of a pre-tax loss of £910M.
The crisis-hit travel giant, which employs 300 people at Accrington's Globe Centre and in Helmshore, has vowed to continue trading despite the huge losses, which it blamed on the Iraq war, the SARS epidemic in Canada and the unusually hot UK weather deterring people from travelling.
Hyndburn councillor Janet Storey, who works at the Globe for the company's Holiday Line, said that none of her colleagues fear for their jobs.
She added: "I am quite optimistic. I have worked there for five years and the atmosphere is quite good. No-one is worried about their jobs and it is all out in the open. It's been fine."
The company has made 2,000 of its employees redundant in the past two years but a spokesperson for MyTravel said that there were no plans to cut further jobs.
Chief Executive of the MyTravel Group, Peter McHugh said: "2003 has been an extremely poor year for MyTravel, resulting in an operational loss of £358.3M before exceptional items and goodwill.
"This very disappointing result was due to a combination of factors."
Mr McHugh said that a number of measures had been implemented to keep the business on track.
He added: "During the year we formulated a strategic plan which identified actions which had to be achieved to turn around the business.
" We are vigorously implementing these actions. We are still the UK's largest operator.''
