MOSCOW (Sputnik) – Finnish national airline Finnair has begun negotiations to temporarily layoff virtually all of its staff and permanently reduce up to 1,000 jobs as it looks to adjust savings targets in view of a prolonged pandemic recovery.
In a post published on the company’s news portal, about 2,800 Finnair jobs are apt for some sort of restructuring, while all 6,700 employees, 6,200 of whom are based in Finland, will be affected by layoffs.
Only pilots and cabin crews on flights will remain on the company’s books in the coming phase as the national carrier increases its savings target from 80 million euros ($94.6 million) to 100 million euros.
The airline said it will support affected employees through a social program and provide job-to-job support, training and guidance on entrepreneurship.
In a separate statement, the company said it has sold a recently acquired A-350 Airbus and leased it back from a Japanese investment firm to receive an immediate inflow of 100 million euros.
Airlines remain among the worst impacted industries amid the pandemic, as governments grounded planes around the world to curb the spread of the virus and tourism prospects dried up over the summer. Numerous airlines have filed for bankruptcy, and others have permanently decommissioned long haul airplanes.
Sourse: sputniknews.com
