1/21/2021, 3:33 PM (Source: TeleTrader)
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KLM to cut up to 1,000 more jobs

KLM, the airline belonging to Air France- KLM Group, announced on Thursday that it will have to cut between 800 and 1,000 more jobs as a result of the COVID-19 pandemic. The cabin crew will be most impacted, followed by ground staff. In 2020, the Dutch flag carrier reduced the number of its employees by 5,000 as a result of the pandemic.

Even though the announcement came after the Dutch government introduced a nighttime curfew and additional travel restrictions that will last until February 10, KLM CEO Pieter Elbers stressed that the job reductions were needed regardless of the government's decision. Elbers added the new measures are a perfect example of the problems the airline has had to face since the start of the pandemic and that the newest measures are only one in a series of blows to the company.

After the announcement, Air France-KLM shares fell 3.41% at 3:16 pm CET.

Baha Breaking News (BBN) / VP