KLM, the Dutch arm of Air France-KLM has announced that it would cut 1,500 additional jobs as part of a restructuring in which it needs to cut emissions by 50% by 2030 as well as prepare for recovering traffic after the coronavirus crisis.
Parent company Air France-KLM on Thursday reported a 1.55 billion euro ($1.8 billion) operating loss for the second quarter, with traffic down 95% from a year earlier.
KLM said the new cuts would mean its workforce, which was 33,000 before the pandemic, would be reduced by 20% in all by 2022. It did not rule out further cuts.
By comparison, Air France SA plans to cut 6,500 jobs, or 16% of its workforce, through 2022..
The Dutch and French Governments have given the two national carriers, which merged in 2004, a combined 10.4 billion euros ($12.4 billion) in bailout money, in a mix of loans and loan guarantees.
While most of KLM’s routes have been restored, it said last week it planned to operate about 13,000 flights in August, still down 60% from the same month a year ago.
Related posts:
Eli Lily to cut 3,500 jobs as part of restructuring plan
COVID-19: Messi announces additional Barca pay cut to help employees
FG lifts ban on Lufthansa, Air France/KLM, Qatar Airways
Mercedes-Benz owner Daimler to cut 10,000 jobs worldwide
European Airline, Ryanair to cut up to 3,000 jobs
Nokia to cut 1,233 jobs at French Arm Alcatel-Lucent
Aircrafts manufacturer, Airbus, to cut 15,000 jobs
LASG deploys additional 500 ‘TMS’ cameras for LASTMA personnel
