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TUI, the German travel company owner of Thomson Holidays, said it plans to cut 2,600 jobs in the UK. Travel companies such as TUI and Thomson are having to restructure their business, as consumers book an increasing number of holidays online. The rise of budget airlines, and more people planning their own tailor-made trips, has also had an effect. TUI employs about 8,000 staff in the UK, and Thomson has about 730 travel shops nationwide. The German company said it planned to cut a total of 3,600 jobs Europe-wide, though the majority of redundancies would come in the UK as that was where the market had changed the most.