FCM Travel Solutions, a subsidiary of the Flight Centre Travel Group, has for the first time achieved Level 1 BEE rating. The company has also paid out R650 000 to black female employees as part of the Employee Share Scheme, which owns 30% of FCM Travel Solutions.
“Following a very successful two years for FCM, we were able to distribute R650 000 among 17 employees who have worked for the company for at least three years and are part of the group’s Employee Share Scheme,” says Nicole Adonis, FCM Travel Solutions South Africa General Manager. "At the same time, the company is also pleased to announce that we have achieved a Level 1 BEE rating."
By 2022, FCM expects there will be more than 50 senior long-serving employees participating in the shareholder scheme, Adonis adds. “BEE and transformation go hand in hand with our founding principles of fairness, egalitarianism and unity. As our brand grows, members of this programme will derive direct benefits, which in turn will translate into benefits for our customers.”
Flight Centre Travel Group Managing Director, Middle East and Africa, Andrew Stark, says a large number of employees will benefit. “As visionaries in the travel industry, we want to truly live up to the idea of broad-based black economic empowerment,” he adds.
FCM Senior Account Manager Lynette Msomi, a beneficiary of the trust, says the transformation at FCM since she started working at the company in 2005 has been noticeable.