SWISS boss reckons with 1,000 job losses over two years
SWISS is currently losing up to CHF2 million a day, according to Klühr
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The CEO of Swiss International Air Lines (SWISS) expects the company to cut 1,000 jobs within two years. Thomas Klühr says this cost-cutting plan could be achieved through a hiring freeze, part-time working arrangements and early retirement.
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“If fluctuations change as they have in recent years, these three methods could make it possible to eliminate the 1,000 jobs without layoffs,” Klühr said in an interview with the Schweiz am Wochenende newspaper.
The coronavirus pandemic has paralysed air traffic, plunging airlines into the red. SWISS, a subsidiary of German company Lufthansa, expects its business to decline by 20% in the medium to long term. The reduction of 1,000 jobs should suffice in this context, Klühr said.
However, if the situation doesn’t improve, particularly for long-haul flights, redundancies could no longer be ruled out, he added. It would become clear in the first quarter of 2021 whether these measures had been enough or not.
‘Serious problem’
SWISS is currently losing CHF1.5 million-CHF2 million ($1.6 million-$2.2 million) a day, said Klühr, who on September 29 announced he would stand down at the end of the year.
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SWISS airline boss to quit at year’s end
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Klühr has led SWISS since February 2016 as part of a 30-year career at Lufthansa Group, which owns Switzerland’s national carrier. He is leaving his current post for “personal reasons”, read a SWISS statementExternal link. Klühr delayed his departure to steer the company through the worst of the coronavirus pandemic that has devastated the airline…
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