TUI could cut 8,000 jobs but is upbeat about July holidays
The travel group is targeting a 30% cut in its overhead cost base but forecasts tourism being back at 2019 levels by 2021
13 May 2020 - 18:19
London — Travel group TUI will cut 8,000 jobs and look to shed 30% of its costs as it gears up for a July restart to European tourism, the German company said on Wednesday.
Holiday plans have been put on hold in the face of travel restrictions aimed at halting the spread of the coronavirus, with British government ministers warning that summer trips to overseas tourist destinations are unlikely to happen this year...
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