Breaking NewsBusinessBusiness::MarketingCompany Newscompany profilesCOVID-19JobsSliderTourism and TravelUnited Arab Emirates

Emirates Group plans to cut 30,000 jobs amid virus outbreak

Emirates Airline: No announcement

Dubai- Masaader News

Emirates Group, the state-owned airline is planning to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, according to Bloomberg news.

Emirates Group will bring down its number of employees by about 30% .

The company had more than 105,000 at the end of March.

The company is also considering speeding up the planned retirement of its A380 fleet, the report added Bloomberg, citing people familiar with the matter.

No Announcement 

 The company said there was no announcement regarding “redundancies at the airline”,

Spokeswoman Added:” “ Any such decision will be communicated in an appropriate fashion.”

“And resourcing against business projections, even as we prepare for gradual service resumption”.

Emirates said earlier this month that it will raise debt to help itself through the coronavirus pandemic.

Emirates may have to take tougher measures as it faces the most difficult months in its history.

The company  said that a recovery in travel was at least 18 months away.

It reported a 21% rise in profit for its financial year ending March 31.

Dubai Airports

Dubai Airports CEO Paul Griffiths  expected that while the airport operator is taking appropriate measures to control costs, optimise liquidity, facilitate cargo and repatriation flights and prepare for a timely and proportionate activation of facilities and services at Dubai International (DXB) to support the resumption of scheduled traffic, the timing and the speed of air traffic recovery will ultimately depend on the development of a vaccine or treatment for COVID-19.

 

Tags
Back to top button
Close