EasyJet, American Airlines to slash workforce amid new coronavirus pandemic
Easyjet said Thursday that it will cut up to a third of its 15,000 employees. It aims to resume limited service on June 15, but estimates that it may take three years for demand to get back to the levels of 2019, before the coronavirus outbreak grounded flights around the world and pushed the global economy toward a deep recession.
American Airlines, meanwhile, plans to cut its 17,000 management and support staff by 30%, or about 5,100 jobs. That could include layoffs in October if there aren't enough takers for a buyout offer. Aviation has been hard hit by the virus, as governments shut down travel to prevent the spread of COVID-19. Airlines are cutting jobs, going bankrupt and seeking bailouts, including Germany's Lufthansa, Latam Airlines and the major U.S. carriers. That is causing ripple effects throughout the industry, with planemaker Boeing and others slashing jobs as well.
"Given easyJet is a British company, the U.K. is its strongest market and it has had hundreds of millions in support from the U.K. taxpayer, I can safely say that we will need a lot of convincing that easyJet needs to make such dramatic cuts," he said.
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