TUI gave an update this morning on how it is coping with the coronavirus pandemic. It said in a statement on its website: “We are targeting to permanently reduce our overhead cost base by 30 percent across the entire Group.
“This will have an impact on potentially 8,000 roles globally that will either not be recruited or reduced.
“In order to return to the successful development of the past years after the crisis, we must now implement the realignment quickly.”
CEO Fritz Joussen added: “People want to travel. Europe must now gradually open up. Summer holidays are possible responsibly and with clear rules. We will reinvent the holiday in 2020.”
Sky News also tweeted: “Tui Group says it is looking to cut 8,000 roles worldwide calling COVID-19 the “greatest crisis the industry has faced.”
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