Germany: Locals react after travel giant TUI's announces up to 8,000 layoffs

Travel and tourism giant TUI, based out of Hanover, announced that up to 8,000 layoffs could happen as the company seeks to carry out major restructuring due to the coronavirus pandemic. TUI's headquarters can be seen in footage from Wednesday, as locals react to the news of the travel giant laying off thousands of people. Hanover resident Daniel said, «You have to think about the big companies... Еще. Of course, they cannot pay the 8,000 people because of COVID. 8,000 people are, of course, a big number, who are all on the streets, therefore it is a strain on the economy, it is getting worse.» Another local, Werner, blamed large companies for not prioritising keeping their workers, saying «If the companies are already receiving the money from the government they should be using it to retain the jobs.» TUI announced on Wednesday that they would be reducing around 10 per cent of their 70,000 plus worldwide workforce by cutting 8,000 jobs, and comes after the company was forced to stop their operations in mid-March. TUI has also utilised a state-guaranteed bridging loan of 1.8 billion euros in Germany.

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