KLM

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Netherlands, France + Other EU countries
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51.10 - Passenger air transport
1,500 - 2,000 jobs
Number of planned job losses
Job loss
Announcement Date
14 March 2020
Employment effect (start)
1 April 2020
Foreseen end date
31 December 2020

Description

The Dutch airline KLM has announced 1,500 to 2,000 job cuts to cope with the impact of the coronavirus (covid-19) pandemic. The company's CEO announced in a video message on the company's website that these measures would primarily affect part-time employees, those nearing retirement and those leaving the company through natural attrition. The company believes that these measures should prevent further restrictive measures in the near future.

The Dutch airline, which merged with Air France in 2004, forecast a consistent decrease in flight numbers (20% less in March and 30 % less in April) as a consequence of the suspension of flights to virus affected countries.

Sources

Citation

Eurofound (2020), KLM, Internal restructuring in European Union, factsheet number 100031, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100031.