KLM is preparing to shrink its workforce by almost 15% as part of a major restructuring aimed at cutting costs and improving its long-term competitiveness.
The Dutch flag carrier announced the measures on Thursday alongside parent company Air France-KLM’s third-quarter earnings. Around 5,000 positions have already been or will be affected, with jobs eliminated, outsourced, or transferred within the wider airline group.
The overhaul aims to deliver an additional €1 billion ($1.1 billion) in annual earnings improvements, bringing the total targeted improvement to €1.4 billion.
Speaking on Thursday, Marjan Rintel, KLM’s CEO, delivered a stark message about the need for change: “KLM’s future is not guaranteed… That’s why, at this pivotal moment for KLM, we’re taking far-reaching, sometimes painful measures. Every department and every division will be asked to contribute.”
Which Teams Are Affected?
KLM says around 1,250 cate
Source: skift.com
