According to CNBC, Thomson Reuters has canceled non-essential business travel for its employees to mainland China, Hong Kong and South Korea amid fears of the deadly coronavirus outbreak.
“Thomson Reuters has halted all non-essential travel to China, Hong Kong and South Korea. All other travel remains under constant review,” a spokesperson said.
The parent company Reuters News joins a growing list of major corporations that are halting employee travel due to virus concerns including Amazon and Facebook. More companies are also canceling international travel and conferences and hotels are reporting a significant rise in group cancellations.
The virus last week wiped out $1.7 trillion in U.S. stock market value in just two days as investors fled riskier assets amid growing fears of a global growth slowdown.
