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July 31, 2020, 11.23 PM

THE HAGUE, – Dutch airline KLM recently announced layoff plans following a “crisis of unprecedented magnitude” stemming from the coronavirus pandemic.

On Friday, KLM stated around 5,000 jobs will be cut.

KLM is part of the Air France KLM group and detailed that the layoffs will last until the end of 2021.

The Dutch airline found the trimming down of its workforce was necessary after it made massive losses.

Read also: At Least 2,600 Lose Jobs as Indonesia's Lion Air, Sriwijaya Air Downsize

To counter the economic impact of the coronavirus pandemic on KLM, the Dutch government provided €3.4 billion or $4 billion worth of bailout funds.

Of the company’s current workforce of 33,000, around 1,500 compulsory layoffs will be conducted.

There would also be 2,000 voluntary redundancies announced earlier this year, while further cuts would be made through non-renewal of 1,500 temporary contracts.

"KLM is in the throes of a crisis of unprecedented magnitude... Expectations are that the road to recovery will be long and fraught with uncertainty," KLM said in a statement.

"This means that KLM’s structure and size must be rigorously adjusted even further in the years ahead. Consequently, a total of 4,500 to 5,000 positions in the entire KLM Group will cease to exist."


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