Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

1,500 jobs
Number of planned job losses
Job loss
Announcement Date
4 September 2009
Employment effect (start)
1 January 2010
Foreseen end date
30 December 2011

Description

Air-France-KLM is to launch a voluntary departure plan which would affect 1,500 employees. The plan will be implemented from January 2010 until December 2011. The voluntary leaves will affect mainly the company's cargo operation, which suffers from the steep decline in global trade. The plan has been presented to employee representatives, and negotiations will start this week with a view to presenting a draft plan to its European works council on 21 October 2009.

Apart from voluntary departures, the company may also implement short-time working schedules in order to cope with the financial crisis. Like other airlines, Air France is adapting operations to the deterioration in traffic amid the economic slowdown and to heightened competition from high-speed trains and low-cost carriers.


Sources

Citation

Eurofound (2009), Air France-KLM, Internal restructuring in France, factsheet number 69509, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69509.