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Timeshare and holiday clubs will no longer be sold at the Radisson Blu Golden Sands Resort and Spa, in a move that is expected to see around 80 people lose their jobs.
Employees at Azure Services Ltd, the company that handles timeshare sales and marketing for the resort, were told in an email that “the majority” of staff would be made redundant to make way for an “elite team” to take forward a “new strategy”.
One staff member said it was “terrible and insensitive news to break just ahead of Christmas”.
Azure Services Ltd was set up in 2003 specifically to sell vacation ownership at the Radisson Blu Golden Sands, the five-star hotel that dominates the skylineat Golden Bay beach.
At one point it was linked to former Manchester United players Gary Neville and Ryan Giggs, who invested in Island Hotels Group, the company that formerly managed the hotel.
In 2015, the Corinthia Group assumed a 50 per cent share of Azure, as part of their takeover of the Island Hotels Group. The remaining 50 per cent isowned by a group consisting of international investors.
In an email sent to its employees on Monday, the company said it would no longer sell timeshare or holiday clubs but would instead...