Air New Zealand may slash a further 2000 jobs

Air New Zealand may need to slash a further 2000 jobs as it responds to the COVID-19 crisis.

Stuff.co.nz is reporting today that the airline has already made 4000 workers redundant, and expects its original workforce of 12,500 to halve.

Before COVID-19 struck, Air New Zealand had around 12,500 staff.

Stuff.co.nz reports that in a letter sent to staff today, Chief Executive Greg Foran laid out a plan and timeline to get Air New Zealand back on its feet, which included removing around $150 million more from its wage bill starting today, though it hoped to do much of it through leave without pay, reduced hours, job share, voluntary exits, with redundancies as the last option.

Last week Air New Zealand said its initial labour reductions of 4000 staff was expected to drive savings of $350m to $400m a year.

[Source: Stuff.co.nz]