EasyJet, American Airlines to slash workforce amid pandemic

Easyjet said Thursday that it will cut up to a third of its 15,000 employees. It aims to resume limited service on June 15, but estimates that it may take three years for demand to get back to the levels of 2019, before the coronavirus outbreak grounded flights around the world and pushed the global economy toward a deep recession.

American Airlines, meanwhile, plans to cut its 17,000 management and support staff by 30%, or about 5,100 jobs. That could include layoffs in October if there aren't enough takers for a buyout offer. Aviation has been hard hit by the virus, as governments shut down travel to prevent the spread of COVID-19. Airlines are cutting jobs, going bankrupt and seeking bailouts, including Germany's Lufthansa, Latam Airlines and the major U.S. carriers. That is causing ripple effects throughout the industry, with planemaker Boeing and others slashing jobs as well.

"Given easyJet is a British company, the U.K. is its strongest market and it has had hundreds of millions in support from the U.K. taxpayer, I can safely say that we will need a lot of convincing that easyJet needs to make such dramatic cuts," he said.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. warned about 'aggressive' rats amid pandemic restaurant closuresThe Centers for Disease Control and Prevention (CDC) is warning that certain areas across U.S. are reporting 'an increase in rodent activity,' as rats search for sources of food other than restaurant dumpsters.
Source: CTVNews - 🏆 1. / 99 Read more »

Trudeau Says He Hasn’t Heard ‘A Lot Of Canadians Demanding An Election’It is up to the minority Parliament “to decide when it no longer has confidence in the government,” he said. Trudeau probably also thinks he's doing a great job by not showing up to work for the last two and a half months... 🙄 Unbelievable But of course he would and how many more different questions is he going to avoid or brush to the side? GetBackToWork
Source: HuffPostCanada - 🏆 61. / 53 Read more »

Worry, haste, retail therapy: What have we bought and why?Between technical glitches and food worries, retail therapy and sheer amnesia, shopping madness amid the COVID-19 pandemic has been about the essentials for some, and impulse buying for others. Wigs. Skin care products. Seeds. Many, many vegetable plants and seeds because I see it as an investment in my family's health and my 'peace of mind'
Source: CTVNews - 🏆 1. / 99 Read more »

Canadian cruise ship musician returns home after months stuck at seaA Canadian who was stuck at sea for months has finally returned home after his job on a cruise ship turned into an ordeal amid the COVID-19 pandemic. Not news
Source: CTVNews - 🏆 1. / 99 Read more »