Holiday giant TUI is looking to cut up to 8,000 roles worldwide with the firm calling Covid-19 the "greatest crisis the industry...
has faced". The UK's biggest tour operator posted loses of 845.8 million euro (£747m) in the first half of 2020, compared to 289.1 million (£255m) in the same period 12 months previously.
The Anglo-German company said: "We are targeting to permanently reduce our overhead cost base by 30% across the entire group. "This will have an impact on potentially 8,000 roles globally that will either not be recruited or reduced." Fritz Joussen, chief executive of the firm, said the company should "emerge from the crisis stronger".