Travel company TUI has announced today that it will shut 166 stores in Ireland and the UK, with the future of the company’s outlets in Cork now uncertain.
The company announced in May that it was to reduce overhead costs globally by 30 per cent, with approximately 8,000 roles impacted.
In a statement issued today it said that it is now streamlining its retail estate by closing 166 stores and will create a new home working sales and service team.
“The impacted stores have been selected considering a number of factors, including local market data, consumer trends and predictions on the future of travel,” it said.
A total of 350 stores across Ireland and the UK will remain open.
The company said it aims to relocate retail advisers to vacancies across the high street stores, so it “can preserve as much of the expertise and continue to offer a great service to its customers”.
Andrew Flintham, Managing Director TUI UK and Ireland added: “We want to be in the best position to provide excellent customer service, whether it’s in a high street store, over the telephone or online and will continue to put the customer at the heart of what we do. It is therefore imperative that we make these difficult cost decisions and do our best to look after our colleagues during such unprecedented uncertainty.”
The company currently has two stores in Cork, in Mahon Point and in Wilton Shopping Centre.