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TUI plans to cut 8,000 jobs to adapt to shrunken travel market

HANOVER: TUI AG will eliminate as many as 8,000 jobs, about 15% of its workforce, to cut costs and slim down its business as people travel less and favor different locations following the coronavirus outbreak.


SMEs can apply for deferment of employer’s share of EPF contributions

The Employees Provident Fund (EPF) has launched the Employer Covid-19 assistance programme (e-CAP) for small and medium enterprises (SMEs) to apply for a deferment and restructuring of the employer’s share of EPF contributions for April, May or June 2020.