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National Dutch carrier KLM to slash 2,500 jobs
KLM Royal Dutch Airlines has said that it will cut passenger capacity by an additional 10 per cent and slash up to 2,500 jobs in the aftermath of the terrorist attacks on September 11.
KLM Royal Dutch Airlines has said that it will cut passenger capacity by an additional 10 per cent and slash up to 2,500 jobs in the aftermath of the terrorist attacks on September 11.
More far-reaching measures may have to follow in view of the uncertainty on further developments in the global airline industry, KLM said in a statement. The airline has already reduced capacity by 5 per cent shortly after the World Trade Center and Pentagon atrocities. The additional 10 per cent reduction will come into effect on October 28.
KLM estimated the attacks resulted in a loss in September of $ 46 million. It said it will reduce its work force by not renewing expiring contracts, but it did not say where the cuts would come. The airline is seeking to trim the working hours of 12,000 employees and a substantial pay cut to an unspecified number of others. The management and supervisory board members would take pay cuts of 15 per cent.
KLM said it will deploy smaller aircraft and reduce the frequency of flights to many destinations, including services to North American and the Middle East. In Europe, it will end the service to Malmo, Sweden, and cut back the frequency of flights to Paris, Milan, Madrid, Munich, Goteborg and Helsinki. Bureau Report
More far-reaching measures may have to follow in view of the uncertainty on further developments in the global airline industry, KLM said in a statement. The airline has already reduced capacity by 5 per cent shortly after the World Trade Center and Pentagon atrocities. The additional 10 per cent reduction will come into effect on October 28.
KLM estimated the attacks resulted in a loss in September of $ 46 million. It said it will reduce its work force by not renewing expiring contracts, but it did not say where the cuts would come. The airline is seeking to trim the working hours of 12,000 employees and a substantial pay cut to an unspecified number of others. The management and supervisory board members would take pay cuts of 15 per cent.
KLM said it will deploy smaller aircraft and reduce the frequency of flights to many destinations, including services to North American and the Middle East. In Europe, it will end the service to Malmo, Sweden, and cut back the frequency of flights to Paris, Milan, Madrid, Munich, Goteborg and Helsinki. Bureau Report