KLM Cuts 1,500 Additional Jobs as Part of a Restructuring
KLM, the Dutch arm of Air France-KLM (AIRF.PA), said on Friday 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 outbreak.
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, 33,000 before the pandemic, would be reduced by 20% in all by 2022. It did not rule out further cuts./Reuters
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