EgyptAir implements 10% pay cut to employees in precise sectors

Chairman of EgyptAir Holding Mohamed Roshdi Zakaria announced a 10% pay cut for board chairs and deputies, sector heads, air crew members, maintenance engineers, and others. Also, administrative and operating costs will be reduced. The EgyptAir Holding chairman said that the company had gone through many crises that could demise its history and future but their impact was not as that of COVID-19 pandemic. The state has granted the company a bailout worth LE2 billion that is supposed to support the airline until the size of its operating rates records 80% of the operating rates in 2019. Minister of Civil Aviation Mohamed Manar issued a decree Sunday granting all workers at the ministry and affiliate companies a bonus worth LE2,000 thanking them for abiding by protective rules against COVID-19.<br/>