By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: KLM to Cut Around 5000 Jobs Due to Coronavirus Crisis
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Have an existing account? Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2024 | All Rights Reserved
Travel Radar - Aviation News > News > KLM to Cut Around 5000 Jobs Due to Coronavirus Crisis

KLM to Cut Around 5000 Jobs Due to Coronavirus Crisis

Sharad Ranabhat
Last updated: 1 August 2020 06:12
By Sharad Ranabhat 4 Min Read
Share
SHARE

KLM, the Dutch arm of Air France-KLM has announced that it would be cutting around 5,000 full-time positions through the end 2021 due to coronavirus-led crisis of unprecedented magnitude.

KLM to cut up to 5,000 jobs due to coronavirus crisis | KLM

According to reports, some 1,500 temporary contracts will not be renewed. In addition, other 2,000 jobs will go through a voluntary redundancy scheme. However, around 1,500 employees, including ground force, cabin and cockpit crew, and administrative workers will lose their jobs.

Citing New Reality

During its second quarter performance report, KLM stated that it needs to lose up to 15% of its strong workforce of around 33,000 employees over the next year on the road to recovery.

In a statement released by the Dutch flag carrier, Pieter Elbers, President and CEO of KLM said:

“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. Unfortunately, more measures are needed in the short term to guarantee KLM’s continued existence in the future.”

KLM has a strong workforce of 33,000 employees | KLM

“For this reason, we are elaborating the reorganisation plan to emerge from this crisis in a stronger position, while retaining as many jobs as we can in a responsible manner and repaying the loans as quickly as possible,” he further added.

The Dutch carrier also said that it would keep the possibility of further reductions open due to the high level of uncertainty in the airline business due to the coronavirus pandemic. The airline does not expect recovery until 2023 or 2024.

Second Quarter Report

The Board of Directors of Air France-KLM, chaired by Anne-Marie Couderc, met on Thursday,  30 July 2020 to approve the financial statements for the First Half 2020. During the announcement, the twin airlines group announced a total Q2 loss of £2.6 Billion ($3 billion).

The French and the Dutch government approved a $12 billion rescue package for the group | KLM

On Thursday, KLM said that it had operated 30% of initially planned flights in July. However, the load factors was lagging behind. Regarding this, KLM said:

“As a result, while the network is again being gradually and carefully expanded, revenues are lagging far behind”

The airline has been hard hit by a 95.6% drop in passenger numbers in the second quarter compared to 61.7% drop in the first quarter.

The French and the Dutch government approved a $12 billion rescue package for the twin airlines Air France-KLM group last month. The CEO admitted this rescue package as a crucial bailout to sustain this pandemic.

“The exceptional support of the French and Dutch governments has provided Air France-KLM with the liquidity needed to weather the crisis and ensure a gradual recovery in business,” said Smith.

When do you think the aviation industry will regain its previous status? Feel free to share with us in the comments below!

You Might Also Like

Rising Sea Levels: Impact on Coastal Airports and Aviation

Plaza Premium Group Opens New Lounge at Senai International Airport

STARLUX Expands Long Haul Fleet with Order of Ten A350-1000s

US Transport Safety Board issues safety warning over engines powering certain Boeing, Airbus aircraft

Air Canada: Best Airline in North America at 2025 Skytrax Awards

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Previous Article Airbus A350 XWB Airbus Posts €1.9 billion First-Half Loss, 145 Aircraft Orders Couldn’t be Delivered
Next Article Back in the Air BA flight to Verona Flying in the New Normal I: British Airways Short-Haul
Leave a comment
Subscribe
Login
Notify of
guest
guest
0 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

Turkish Airlines subsidiary AJet to lease aircraft from Avolon
Turkish Airlines’ subsidiary AJet to lease 10 Airbus A321neo aircraft from Avolon
Aircraft Airline Economics Airlines Airshow & Events Aviation
View of the Galata Tower from the Bosphorus
Layover or Discover? Exploring Istanbul with Turkish Airlines’ Touristanbul Service
Airlines Airports Travel
Red helicopter flying above the mountains and white clouds on a blue sky
Heli Treks to Annapurna Base Camp: Luxury, Speed, and Safety in the Sky
Aviation Travel
Vietjet and Airbus officials sign the MoU at the Paris Air Show 2025
Vietjet to expand Airbus fleet
Airlines Airshow & Events
wizz air aircraft
Wizz Air and Pratt & Whitney Strengthen Partnership
Aircraft Airlines Aviation Manufacturing
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • About Us
  • Contact Us
  • Careers
  • Press & PR
  • Privacy & Legal

Our Content

  • News
  • Data
  • Images
  • Jobs
  • Subscribe

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Click here to Signup!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
AdBlock Detected
Ads help us bring you high-quality, independent journalism for free. Support us by whitelisting us from your ad blocker.
Okay, I'll Whitelist
Welcome to the TR Community!

Sign in to your account

Register Lost your password?