TUI's shake-up of airline ops likely to cost hundreds of jobs: sources

PLANS by travel and tourism company TUI Group to shake up its airline operations are likely to lead to hundreds of job losses in Hanover, Germany, three sources familiar with the matter said.

TUI Group, the world's largest leisure and tourism company, was formed from the merger of London-listed TUI Travel and majority owner TUI AG last year.

TUI plans to better coordinate its fragmented airline operations, including TUIfly, Jetairfly and Thomson Airways, in the light of competition from the likes of easyJet, Ryanair, Norwegian and Vueling.