Travelex strikes rescue deal but 1,300 UK jobs go

Travelex strikes rescue deal but 1,300 UK jobs go

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Foreign exchange firm Travelex has struck a deal to stay afloat, but with the loss of more than 1,300 jobs in the UK.

Administrators PwC said a cyber-attack followed by the Covid-19 crisis had “acutely” hit the firm.

Travelex was held to ransom by hackers in January after the cyber-attack forced it to turn off its systems.

PwC said that a so-called “pre-pack”…

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