FRANKFURT - TUI said it could eliminate as many as 8,000 jobs to cut costs and slim down its business as people travel less and favor different locations following the coronavirus outbreak.
Like other travel firms, Germany-based TUI was left reeling as the pandemic shut national borders and wiped out flights. While some countries are still largely in lockdown, chief executive officer Fritz Joussen said there's an appetite for vacations this year and that Europe must open up.