The Tui Group has warned that the 8,000 roles worldwide are at risk as it called Covid-19 the "greatest crisis the industry... has faced". The company said: "We are targeting to permanently reduce our overhead cost base by 30per cent across the entire group. (Image: Adam Gerrard / Daily Mirror)Fritz Joussen, chief executive of the firm, said the company should "emerge from the crisis stronger". (Image: DPA/AFP via Getty Images)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." The company said the jobs cut could happen as it aims to reduce its overheads by 30 per cent.

Source: Daily Mirror May 13, 2020 05:50 UTC