Get the App
Join our growing community to challenge mainstream media bias and fix the news
TUI Group to cut 8,000 jobs due to pandemic impact

TUI Group to cut 8,000 jobs due to pandemic impact

Travel firm TUI has warned that up to 8,000 jobs will go as it seeks to cut costs by 30% because of the pandemic. The Germany-headquartered group said turnover would decline significantly in the financial year, with cost savings only partly compensating for the virus-induced downturn. On Wednesday, TUI posted losses of €845.8m in the first half of 2020, compared to €289.1m in the previous year.

KCooper
KCooper
Dr. Ötker
Dr. Ötker 3 months

Ask again how Germany is doing folks.

Top in Business