TUI to cut jobs and costs as it prepares for July holiday restart

LONDON (Reuters) - Travel group TUI will cut 8,000 jobs and look to shed 30% of its costs as it gears up for a July restart to European tourism, the German company said on Wednesday. Holiday plans have been put on hold in the face of travel restrictions aimed at halting the spread of the coronavirus, with British government ministers warning that summer trips to overseas tourist destinations are unlikely to happen this year.However, the world's biggest tourism group on Wednesday said that it..