22nd Jan 2021 17:32
(Alliance News) - German travel giant Tui AG was forced to reduce its payroll by more than a third due to the coronavirus pandemic, sources told dpa on Friday.
In November, some 38,200 people were on Tui's payroll, a 37% reduction on the same period in 2019, when 60,300 people were employed by the company, the sources said.
Last summer, the group needed fewer seasonal workers in holiday areas due to the pandemic. In addition, coronavirus-related closures in winter sports regions and southern destinations such as the Canary Islands or Egypt have also affected the payroll, the company says.
Aside from the effects of the pandemic, Tui is also undergoing a cost-cutting programme. Chief Executive Fritz Joussen wants to cut another 8,000 jobs, especially outside of Germany.
source: dpa
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