TUI Group ready to resume travel activities / Pandemic halts strong start to financial year 2020 / Global realignment and cost reductions decided / Group transformation to be accelerated

TUI is ready for an early resumption of travel activities in Germany and Europe.

Release time : 2020-05-22 14:23:08

source : tuigroup

. We will become more digital at all levels - in particular, we will accelerate the expansion of digital platforms in new markets and for our activities in the destinations. 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.”

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