AMSTERDAM (THE NETHERLANDS) – Royal Schiphol Group, which runs airports in the Netherlands, said on Friday it will slash several hundred jobs from its workforce of 3,000. This comes amid plummeting air traffic following the outbreak of the pandemic.
In the first half, the firm recorded a decline of 62% in passenger traffic compared to the same period last year. This led to a loss of 246 million euros ($292 million). In the first half of 2019, it recorded a profit of 133 million euros.
“The outlook for the coming years is very uncertain, and depends on the course of the pandemic, whether a vaccine becomes available, international coordination in travel measures, the profile of the economic recovery and behavioural changes by passengers and businesses,” the group said in a statement.
By 2022, the group plans to slash 25% of costs, including the job cuts.
The group also operates the airports in Rotterdam, The Hague and Eindhoven and most of its stakes are owned by the state.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.
