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    TUI1   DE000TUAG000

TUI AG

(TUI1)
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TUI : says UK staff need to work from office just once a month

07/14/2021 | 10:09am EDT
FILE PHOTO: A TUI travel centre in Stoke-on-Trent, Britain

(Reuters) - TUI has told its UK staff they need to work from the office just one day a month, as the world's biggest holiday company embraces flexible working and looks to woo talent.

The move by TUI - which has more than 10,000 employees across the UK and Ireland - is the latest example of workplace changes caused by the pandemic and comes as England prepares to mostly lift coronavirus curbs from next week.

"TUI believes that this shift to permanent flexible working will not only offer greater flexibility and choice but also hopes that the proposition will attract future employees," TUI UK said it a statement.

TUI said its offices would stay open and employees can decide what working environment suits them best. The company has also created a role called Workspace Director to help implement the new policy.

A number of firms are adjusting their working practices as they return to the office, including accounting firm KPMG which has told its 16,000 UK staff that they will work in the office for up to four days in a fortnight.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Kirsten Donovan)


© Reuters 2021
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Analyst Recommendations on TUI AG
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Financials
Sales 2021 5 698 M 6 721 M 6 721 M
Net income 2021 -2 400 M -2 831 M -2 831 M
Net Debt 2021 6 125 M 7 225 M 7 225 M
P/E ratio 2021 -1,75x
Yield 2021 -
Capitalization 3 628 M 4 287 M 4 279 M
EV / Sales 2021 1,71x
EV / Sales 2022 0,53x
Nbr of Employees 46 518
Free-Float 64,2%
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Mean consensus SELL
Number of Analysts 10
Last Close Price 3,30 €
Average target price 2,40 €
Spread / Average Target -27,2%
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Managers and Directors
Friedrich Peter Joussen Chief Executive Officer
Sebastian Ebel Chief Financial Officer
Dieter Zetsche Chairman-Supervisory Board
Frank Rosenberger Chief Information Officer & Head-Future Markets
Hilka Schneider Group Director-Legal, Compliance & Board Office
Sector and Competitors