Holiday company TUI is set to shut 48 retail stores across Britain as the pandemic exerts more pain on the battered travel sector
The shop closures, which are in addition to the 166 it has already closed, will mean additional cost savings for TUI.
The Germany-headquartered firm has relied on state-bailouts to help it survive the travel restrictions resulting from the COVID-19 pandemic.
TUI said 273 staff would be impacted by the closures but new opportunities would be offered in its remaining 314 stores in the UK and Ireland, and in its new homeworking team which answer customer inquiries.
“The travel industry and the British high street are both facing unprecedented pressure. We can therefore confirm that we are proposing to close 48 retail stores,” TUI said in a statement on Wednesday.