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TUI cuts German jobs as tourists move online

2 October 2011

German tour operator TUI plans to cut up to 550 jobs in Germany as it moves to cuts costs and revamp its hotel portfolio as the traditional one-size-fits-all package holiday dwindles in popularity.

TUI said it wanted to introduce more exclusive hotels to its range in response to rising demands for more individual holidays, as well as expand its online offering.

The company, which has about 10,000 employees in Germany, earlier this year said it wanted to cut costs to become more competitive and warned last month of job cuts to come.

source: Reuters

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