Thousands of jobs to go at TUI.

Thousands of jobs to go at TUI.

13-05-2020

8,000 jobs could go at TUI as the company trims overheads by 30% in a bid to stay afloat.

TUI Chief Executive, Fritz Joussen says hotels across Europe are preparing to reopen.

"The season starts later, but could last longer and for 2020 we will also reinvent the holiday with new destinations, local holiday deals and more digitalisation," he said.

The company suspended virtually all of its package deals, cruises and hotels in March to help stop the spread of Covid-19.

TUI has confirmed first quarter losses of 763.6 million euros in 2020 compared to a loss of 203.8 million for the same time last year and quarterly turnover also fell from 3.10 billion euros in 2019 to 2.79 billion this year.

The company has already received a 1.8 billion euro state-backed loan in Germany and claims that customer demand is strong and more than a third of its 2020 summer program is already booked.

TUI employs around 60,000 people and takes on another 10,000 during the summer season.

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Steve Kane / Hace about 1 year

TUI has confirmed first-quarter losses of 763.6 million euros in 2020. And yet TUI has just had a long term loan from the German Government of 1.8 Billion Euros and its CEO has put on record that TUI HAS CASH AND CREDIT FACILITIES OF 3.1 BILLION EUROs so why are they putting all these people out of work. in 2021 season they will need to re-employ them or are they expecting to give the same kind of service with less staff, fewer wages to pay and yet STILL UP the cost of 2021 holidays. TUI have NEVER once thought about its CUSTOMERS or ITS EMPLOYEES they only look after the INVESTORS in the company Hamed el Chiaty(Travco) & Alexey Mordahov( Unifirm) Remember TUI WHEN this is all over The CUSTOMER WILL BE KING.

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walker / Hace about 1 year

TUI phone line cuts off if you try claim a refund, for a holiday cancelled by them.

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