Air France To Cut More Than 7,5 Thousand Jobs
Air France has announced plans to cut 7,580 jobs by the end of 2022, which is 17.5% of the total staff, CNN Business reported, citing a company report.
According to the report, this number includes 1,020 jobs in the regional French air carrier HOP! - a subsidiary of Air France. There, the share of cuts will be almost half of the state, CNN notes.
The airline estimated its daily losses at the height of the coronavirus pandemic at 15 million euros. Moreover, Air France does not expect the return of air traffic volumes to the "docked" level until 2024.
"The recovery is likely to be slow due to uncertainty over the health situation, the lifting of travel restrictions and changes in commercial demand," Air France said in a statement.
In early May, the European Commission approved France's state support for Air France in the amount of 7 billion euros in connection with the COVID-19 epidemic.
Air France is a major network airline operating in France. It is part of the Air France-KLM group, in which the French state participates. With a fleet of more than 300 aircraft, Air France is a very important company for the French economy in terms of employment and connections to many French regions, including overseas ones.