Air New Zealand forecasting 3750 redundancies minimum over the next year
Air NZ has changed its stance on expected job losses as a result of a "bleaker" coronavirus outlook, a union says. In an email to staff sent on Monday Air New Zealand CE Greg Foran said this week it would start the process of materially reducing its workforce due to the impact Covid-19 was having on the airline. "Clearly, we will be smaller for some time and we will need fewer staff," Foran said. "We expect that even in a year's time we will be at least 30% smaller than we are today." In an earlier email to staff sent on March 16 Foran said the airline's workforce of 12,500 would reduce by "up to" 30% - equating to about 3750 staff. E tū assistant national secretary Rachel Mackintosh said the change in wording to "at least 30%" reflected a worsening outlook for the airline. "They said that it's getting bleaker by the day," Mackintosh said. Foran's most recent email said the company's annual revenue was expected to fall from about $5.8b to less than $500m - a 90%reduction - as a result of Covid-19. "That's right - a drop of more than $5b dollars. This has the potential to be catastrophic for our business unless we take some decisive action."<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-03-31/star/air-new-zealand-forecasting-3750-redundancies-minimum-over-the-next-year
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Air New Zealand forecasting 3750 redundancies minimum over the next year
Air NZ has changed its stance on expected job losses as a result of a "bleaker" coronavirus outlook, a union says. In an email to staff sent on Monday Air New Zealand CE Greg Foran said this week it would start the process of materially reducing its workforce due to the impact Covid-19 was having on the airline. "Clearly, we will be smaller for some time and we will need fewer staff," Foran said. "We expect that even in a year's time we will be at least 30% smaller than we are today." In an earlier email to staff sent on March 16 Foran said the airline's workforce of 12,500 would reduce by "up to" 30% - equating to about 3750 staff. E tū assistant national secretary Rachel Mackintosh said the change in wording to "at least 30%" reflected a worsening outlook for the airline. "They said that it's getting bleaker by the day," Mackintosh said. Foran's most recent email said the company's annual revenue was expected to fall from about $5.8b to less than $500m - a 90%reduction - as a result of Covid-19. "That's right - a drop of more than $5b dollars. This has the potential to be catastrophic for our business unless we take some decisive action."<br/>
