“For three months, Air France’s activity and turnover have plummeted 95 percent, and at the height of the crisis, the company lost 15 million euros about USD16.9M daily, which anticipated a very slow recovery." The group said.
The aviation industry has been battered by the travel restrictions imposed by governments across the globe to contain coronavirus outbreak, with airlines worldwide still not sure when they will be able to get grounded planes back into the air. Air France said it wanted to begin a “transformation that rests mainly on changing the model of its domestic activity, reorganising its support functions and pursuing the reduction of its external and internal costs”.
The planned job cuts amount to 16 percent of Air France’s staff and 40 percent of those at Hop! With the focus on short-haul flights. Management is counting mainly on the non-replacement of retiring workers or voluntary departures and increasing geographic mobility.
However, unions warn that Air France may resort to layoffs, if not enough staff agree to leave or move to other locations.
Shaken heavily by the coronavirus crisis, like the entire aviation sector, the Air France group launched a reconstruction plan aiming to reduce its loss-making French network by 40 percent through the end of coming year.
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