Thursday, July 9, 2020

Air France wants to cut more than 7,500 jobs by the end of 2022

Must read

New COVID-19 cases affected 2,657; Jokowi: This is a red light

TEMPO.CO, Jakarta - President Joko "Jokowi" Widodo...

Paper Mario: The Origami King, 10 minutes of play – Engadget

Paper Mario: The Origami King, 10 minutes of Engadget gameplayThe first review of Paper Mario: The Origami King is now in Nintendo LifePaper Mario:...

Growing gender inequalities during confinement in graphs

During confinement, teleworking could be presented as a privilege protecting managers from health risks, unlike workers and employees...

It is a blow for the tricolor flagship. According to Air France unions, the group plans to eliminate more than 7,500 jobs by the end of 2022, including 6,560 (out of approximately 41,000) within the company and more than 1,000 within the regional company Hop! .

The redundancies, expressed in FTEs (full-time equivalents), will involve natural departures not replaced (around 3,500) and essentially voluntary departures, even if, from union sources, forced departures are not excluded for staff of the short-haul network.

These figures are to be presented officially to trade unions at social and economic committees (SSC) scheduled for Friday.

A state support plan at 7 billion euros…

In May, the European Commission authorized France to grant € 7 billion in support to the airline to cope with the consequences of the coronavirus crisis. “This guarantee and this shareholder loan granted by France will provide Air France with the liquidity it urgently needs to resist the repercussions of the pandemic,” explained European Commissioner for Competition Margrethe Vestager, quoted in a press release. .

In detail, French loans must consist of 4 billion bank loans guaranteed 90% by the State and 3 billion direct loans from the State, with in return commitments on improving its profitability and on the reduction of its CO2 emissions. This notably involves eliminating part of the domestic flights in France.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest article

New COVID-19 cases affected 2,657; Jokowi: This is a red light

TEMPO.CO, Jakarta - President Joko "Jokowi" Widodo...

Paper Mario: The Origami King, 10 minutes of play – Engadget

Paper Mario: The Origami King, 10 minutes of Engadget gameplayThe first review of Paper Mario: The Origami King is now in Nintendo LifePaper Mario:...

Growing gender inequalities during confinement in graphs

During confinement, teleworking could be presented as a privilege protecting managers from health risks, unlike workers and employees...