TUI set to make 8,000 redundancies in ‘greatest crisis’ ever

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The TUI Group is set to cut up to 8,000 roles worldwide with the firm calling Covid-19 the "greatest crisis the industry has faced".

The holiday giant 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 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."

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Fritz Joussen, chief executive of the firm, said the company should "emerge from the crisis stronger".

He added: "It will be a different TUI and it will find a different market environment than before the pandemic.

"This will require cuts: in investments, in costs, in our size and our presence around the world.

"We must be leaner than before, more efficient, faster and more digital."

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The company's report said: "The tourism industry has weathered a number of macroeconomic shocks throughout the most recent decades, however the Covid-19 pandemic is unquestionably the greatest crisis the industry and TUI has ever faced."

It added that loses were also borne as a result of the grounding of the Boeing 737 Max aircraft after two crashes with other airlines.

Earlier this week the company outlined a ten-point plan it will apply to hotels following the coronavirus crisis.

The comapny said that buffets would be kept to a minimum, football tournaments would be banned and rooms would be deep cleaned after each guest had stayed there.

Tourists would be encouraged to check-in at the hotel online and there would be strict social distancing in force.

In public areas such as restaurants, corridors or gyms, all employees will be required to keep a distance of 1.5 to two metres between them and the guests – reports Mail Online.

Capacities in hotel restaurants would be reduced, with tables 1.5m apart and opening hours would be extended.

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The all inclusive buffet could be a thing of the past however with food and drinks instead served by staff wearing protective masks.

During the cleaning of rooms, special attention will be paid to areas such as the bathroom and the TV remote control.

Entertainment at TUI hotels will also be modified, with "only events, sports and entertainments involving a small number of participants and without close contact being made available" such as tennis or golf, with no football allowed.

TUI says the new standards will be implemented at its Tui Blu, Robinson and Tui Magic Life resorts as well as its joint venture and partner hotels.

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