Business · Companies · 1 hr ago

KLM plans to cut about 5,000 jobs to reduce costs

KLM plans to cut about 5,000 jobs to reduce costs

KLM plans to cut about 5,000 jobs as part of a major effort to reduce costs.

The cuts amount to nearly 15% of the airline’s workforce.

The Dutch airline will also outsource some work to other companies.

It plans to stop pursuing certain Airbus aircraft.

KLM hopes to reach agreements with unions to limit wage increases.

The measures are aimed at lowering the airline’s costs; no further details about timing or implementation are given.

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Ben SmithAir France-KLM chief executive
Demand in key strategic markets, combined with solid commercial execution, drove an increase in unit revenue, while continued cost discipline, together with careful management of fuel spending, kept unit costs broadly stable
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