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Pandemic-hit KLM airlines announces massive layoffs
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IANS | 01 Aug, 2020
The pandemic-stricken Dutch airlines, KLM has announced that it would cut 4,500 to 5,000 positions.
"KLM
is in the throes of a crisis of unprecedented magnitude," Xinhua news
agency quoted the airline as saying in a statement on Friday.
"Expectations
are that the road to recovery will be long and fraught with
uncertainty. This means that KLM's structure and size must be rigorously
adjusted even further in the years ahead."
As part of the
measures, a total of 4,500 to 5,000 positions in the entire KLM Group,
part of Franco-Dutch airline Air France-KLM, will cease to exist.
This
means that the workforce will be reduced to around 28,000 full-time
equivalents (FTEs) in the course of 2021 from the current 33,000 FTEs.
At
the end of June, the Dutch government presented an aid package of 3.4
billion euros ($3.8 billion) for KLM to overcome the consequences of the
COVID-19 crisis.
One of the conditions for the financial support was that KLM would take measures for a cost reduction.
"A
great deal has already been done in recent months with respect to
adjusting the size of our company in the face of a new reality," KLM CEO
Pieter Elbers stated.
"Unfortunately, more measures are needed in the short term to guarantee KLM's continued existence in the future."
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