Britain’s biggest holiday company, Tui UK, is to cut around 2,000 jobs, close or franchise 100 Lunn Poly shops and quit its London headquarters as part of a major restructuring.
Tui was formerly known as Thomson Holidays and still sells most of its holidays under this brand.
Last week the company announced a doubling of profits but has decided to review its business in the face of fierce competition.
References: Sunday Times Business 27/03/05 page 3
