The Latest: German travel co. TUI to cut 1000s of jobs

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death.

TOP OF THE HOUR:

— German travel company TUI to cut 1000s of jobs due to pandemic

— South Korea: No plans to backtrack on relaxed rules despite spike in virus cases

— Mexico advisory board issues guidelines on reopening businesses

— Pakistan tops 2,000 for a single-day total of new virus cases for 1st time

— China reports seven new virus cases, including six in Jilin province

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BERLIN— Travel company TUI says it expects to cut thousands of jobs as it works to cut its costs amid the fallout from the coronavirus pandemic.

The Germany-based tour, travel and hotel operator said Wednesday that it is “prepared for a resumption of its operational activities” and its first hotels on the German coast will reopen in the coming days.

TUI was granted a German government-backed bridging loan of 1.8 billion euros ($1.95 billion) to help cushion the effects of shutdowns. The company said it will have to cut investments and costs in a globally weakened market and is aiming for a permanent 30% reduction in its overhead cost base.

CEO Fritz Joussen said in a statement that “this will have an impact on potentially 8,000 roles globally that will either not be recruited or reduced.” He added that “we must now implement the realignment quickly.”

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SEOUL, South Korea — South Korea says it has no immediate plans to revive strict social distancing rules despite a spike in coronavirus cases linked to nightclubs in Seoul.

Vice Health Minister Kim Gang-lip told reporters Wednesday the...