Friday 07 August 2020

KLM poised to give more details about job losses ahead of Q2 results

Photo: Depositphotos.com

Airline KLM will make more details public about its pending reorganisation on Friday, including details about expected job losses, website Nu.nl has reported.

The airline publishes its first half figures on July 31 and chief executive Pieter Elbers said earlier that he expected to be able to present the first contours of the restructuring at the end of the month.

The government agreed to bail out KLM to the tune of €3.4bn, after passenger numbers plummeted to virtually zero as countries around the world went into lockdown or closed their borders.

The package is not without conditions and KLM has been told to bring down its costs by some 15%. Part of this will come from compulsory salary cuts.

Some 2,400 of the airline’s workforce have already applied for voluntary redundancy. KLM currently employs 33,000 people.

The definitive plan is due in October, Nu.nl said.

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