TUI says CP Ships integration to cost 2,000 jobs
Thu, 01/11/2007 - 14:55 — admin
There had also been significant growth in volumes in the first months of the year. “For April, the ships are not only full to capacity, they are even overbooked in part,” Behrendt said. TUI, which is Europe’s largest travel firm, bought CP Ships to bolster its shipping business as it sought to complete its transformation from former industrial conglomerate Preussag to a tourism and shipping company. Shares in TUI were 1.5 percent higher at 15.94 euros by 0952 GMT April 19th, slightly outperforming a 1.4 percent gain on the German blue-chip DAX index. Source: Reuters