Published 19:58 IST, May 12th 2020

Belgium's Brussels Airlines to cut 1,000 jobs citing negative impact of pandemic

Belgium's biggest carrier Brussels Airlines announced its plan to lay off 25 per cent of its workforce, slashing 1000 jobs to keep the company afloat.

Reported by: Kunal Gaurav
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Belgium's biggest carrier Brussels Airlines anunced its plan to lay off 25 per cent of its workforce, slashing around 1000 jobs to keep company afloat. Lufthansa-owned airlines highlighted “extremely negative impact” of pandemic on company’s financials, ding that “substantial and indispensable” measures were needed for survival of company.

airlines said that company is “structurally” tackling its cost structure for recovery plan and also optimising its network, resulting in a fleet reduction of 30 per cent i.e. from 54 to 38 aircraft. company has also asked for financial support from Belgian government while it seeks  assistance of Lufthansa for restructuring costs to overcome crisis.

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“As a socially responsible employer, Brussels Airlines will work toger with its social partners to reduce number of forced dismissals to an absolute minimum,” said Brussels Airlines in a statement.

Confident of turnaround plan

airlines expressed confidence in its recovery plan saying it will be able to safeguard 75 per cent of its workforce and return to a profitable way as soon as demand gets restored to a new rmal. Dieter Vranckx, CEO of Brussels Airlines, said that unprecedented crisis has worsened company’s financials obliging manment to take substantial measures.

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“ restructuring is urgently needed in order to survive current crisis and to become structurally competitive in future, Dieter Vranckx,” said top executive in a statement.

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company also unveiled or measures of turnaround plan which includes reduction of overhe, operational costs and increase of operational efficiency, among ors by improving productivity and furr standardising fleet. It said that number of forced redundancies will be reduced to a maximum extent with help of social partners.

“While turnaround plan is indispensable to overcome crisis, ongoing discussions with both Belgian government and Lufthansa remain essential,” company ded.

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(Im: Twitter / @FlyingBrussels)

19:58 IST, May 12th 2020