Copenhagen airport operator proposes cutting a quarter of workforce

Copenhagen airport’s operator is considering cutting 25% of its staff in response to the air transport downturn. The Danish hub’s management company, Kobenhavns Lufthavne, has unveiled a DKr228m ($36m) pre-tax loss for H1 of this year, against its previous profit of DKr617m. It is estimating a full-year net loss of DKr450-750m – a range which underlines the uncertainty over the crisis – and points out that this accounts for various government support measures. Without these measures, the operator says, the net loss could be as much as DKr1b. It says it is “contemplating” cutting 650 full-time positions from its current level of 2,600 in order to “align” its organisation to lower activity – generating a cost saving of DKr325m. “Over the coming weeks, discussions will be held with [the company’s] union representatives to determine the expected redundancies,” it adds.<br/>