KLM Chief Says More Job Cuts Expected If COVID Crisis Persists

KLM, the Dutch arm of airline group Air France-KLM, will likely have to cut more jobs than the thousands of layoffs already announced due to the coronavirus pandemic, its chief executive Pieter Elbers said in a message to his staff, Reuters reported. Elbers warned that COVID-19 will limit flights more extensively than the 20-25% drop it had anticipated for next year. “We now expect even lower production, which ultimately means we need fewer people”, Elbers said in his message, seen by Reuters. “Another 10% drop in production (so 30-35% down from 2019) would mean around another 1,500 jobs less.” KLM on Thursday submitted a restructuring plan to the Dutch state, a condition of the 3.4 billion euros (3.10 billion pounds) package in aid it is receiving to avoid bankruptcy amid the COVID-19 pandemic. Read more