MONTREAL — Loyalty program company Aimia Inc. says it will cut about 25 per cent of its workforce as its charts its course following the sale of its flagship Aeroplan program.
The company says it expects to have about 550 employees by the end of 2019.
Following a review of its future without Aeroplan, Aimia says it wants to become a consolidator in the loyalty program business.
It says it will look to evolve through a combination of organic growth and acquisitions.
Aimia completed the sale of the Aeroplan loyalty program to Air Canada earlier this year.
Its other assets include Air Miles Middle East as well as investments in the Club Premier program in Mexico, which it jointly controls with Aeromexico, and an investment with Air Asia in travel technology company Big Life, the operator of BIG Loyalty.
Companies in this story: (TSX:AIM)
The Canadian Press