Seeking to overcome the slowdown in travel surrounding the Covid-19 pandemic, KLM Royal Dutch Airlines (KLM) has submitted a restructuring plan to the Dutch government.
The plan comes in the wake of the government asking the carrier to reassess its strategy and to introduce further cost-cutting initiatives. The focus of the plan submitted by the carrier is on becoming leaner and less costly, as well as more sustainable, economical and efficient. Staff are expected to see pay reduction by up to 20 per cent. About 4,500 jobs will be lost.
The airline has reached an agreement with unions for ground, cockpit and cabin staff on key principles of this plan for the period through 2022. This includes the unions VNC and FNV Cabine in the cabin domain and the unions FNV Luchtvaart, CNV, De Unie, VKP and NVLT in the ground domain, as well as the Dutch Airline Pilots Association VNV in the cockpit domain.
“Today (Oct.2) we took a major, exceedingly important step towards restructuring KLM,” said Pieter Elbers, KLM CEO. “The plan we submitted to the Ministry of Finance today is a condition for obtaining a financial package, making this an important milestone in KLM’s recovery. The aim is to ensure that KLM survives this crisis and emerges stronger than before.”
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