Air NZ targets 30% reduction in workforce: CE

Air NZ could reduce its workforce of 12,500 by up to 30%, as it works through the challenges posed by the coronavirus outbreak CE Greg Foran says: ”Air NZ’ is well-placed to get through Covid-19. We’re a strong resilient business, we’ve got a good balance sheet...But these are unprecedented conditions, and so as we deal with significant change in volume that we’re seeing at the moment, we’ll make some appropriate measure to get the business to the right size.” He adds that the carrier is working with all its union partners to “come up with the right solution that could see us with an organisation that’s up to 30% smaller over the next period”. Measures include taking unpaid leave, part-time employment, voluntary redundancy, and if necessary, redundancies. <br/>
FlightGlobal
https://www.flightglobal.com/airlines/air-nz-targets-30-reduction-in-workforce-ceo/137362.article
3/18/20
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