The Eden Project has announced that staff at the attraction are facing redundancies in a move to secure its "long-term economic stability."
Approximately 80 positions are at risk as the organisation seeks to reduce its payroll by an estimated 20%.
Radio Newquay has been told that 19 people have opted to leave voluntarily through voluntary redundancy or retirement.
A spokesperson said: “The Eden Project is initiating proactive measures to ensure the long-term economic stability of the organisation. We have explored every option and will create a new structure as a result of considerable economic challenges.”
A statement from the attraction added: “A number of factors, including the contraction of the visitor economy across the South West and significantly increased costs to businesses, have made this process necessary.
“This process will set us on a path to continue our vital work as an environmental charity and a thriving visitor destination for our second quarter-century and beyond.
“The Eden Project will now begin a consultation period lasting at least 45 days. Affected team members will be supported by the Members Assembly, the Eden Project's staff representative body, and every effort will be made to minimise the number of job losses, with alternative roles or retraining offered where possible.”
Visitor numbers at the attraction increased in the year ending March 2024, rising from 551,000 in 2023 to 604,000. Revenues also grew during this period, but accounts show pre-tax losses widened.
This comes as the tourism sector continues to face significant challenges. Last year, the head of the South West Business Council described tourism in the region as being at its "lowest point for 10 years."
No fire at Newquay shop as smoke alarm triggered by security device
Major roadworks planned on Treloggan Road in Newquay
Newquay businesses back fourth term for town’s Business Improvement District
Spooky Newquay returns for half term
Dog owners warned to keep distance from seal pups after rise in injuries
Newquay Foodbank reports rise in demand and appeals for volunteers
Taxi drivers react to proposed zone changes
New supermarket to open in Nansledan in 2027
Visitors banned from Newquay property linked to antisocial behaviour
Newquay Town Council defends decision to close two public toilets
Public consultation launched on new plans for Cliff Road in Newquay
Night bus hailed a success
RSPCA Cornwall launches campaign to find the right homes for Border Collies
Newquay RNLI welcomes new lifeboat into service
Dog dies after cliff fall
Investigation launched into Narrowcliff Hotel fire
Potential investors show interest in Newquay and Paignton Zoos
Newquay in Bloom celebrates 16th consecutive Gold award
Fears over future of historic wall amid plans for new flats and offices
20mph speed limit approved for Nansledan