Friday, May 11, 2007

EXPENDITURE STRATEGY – TUI AG

TUI AG, Europe's largest travel company and the owner of the Hapag-Lloyd shipping line, would eliminate about 3,600 jobs, mostly in Britain, where it runs more than 650 Thomson travel stores.

The tour operator also scrapped its dividend.

Now the shareholder shares the burden with employees!

[Click here for full story at: BLOOMBERG.COM]

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