TUI plans for budget cuts, hiring freeze due to coronavirus outbreak
March 2 (Reuters) - European holiday company TUI said on Monday it plans to cut administrative budget, freeze hiring and postpone non-critical projects, following weaker bookings last week due to the coronavirus outbreak.
"At this point in time, we only see a marginal effect on our operations," the company said. (Reporting by Rishika Chatterjee in Bengaluru; Editing by Shounak Dasgupta)