LATAM laying off 2,700 crew

Monday, 04 Aug, 2020 0

Latin America’s biggest airline group is shrinking.

LATAM, is laying off at least 2,700 crew in Brazil as it restructures the business to stay afloat.

LATAM filed for bankruptcy in the US as passenger traffic plunged by 95%.

The layoffs amount to a reduction of about one third of its crew.

It says the job cuts are necessary after pilots and flight attendants’ union wouldn’t accept proposed pay cuts.

"The Covid-19 pandemic is the biggest public health crisis in history, and is dramatically affecting the entire world aviation industry," the company said in a statement.

It is offering voluntary separation packages this week and if there are not enough takers, compulsory layoffs will follow.

The company says LATAM crew are paid above average salary for the region, so it must shrink the wage bill to survive

"The current crisis has made it more essential than ever," the airline said.

Before the pandemic LATAM had a workforce of 43,000, with most based in Chile and Brazil.

The airline is hoping to restructure an estimated $18 billion in debt.

by Ray Montgomery, US editor

below social share icons

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels...

Holiday Extras is the UK market leader in airport parking, airport hotels, worldwide airport lounges, destination car hire, airport transfers...

Greater Fort Lauderdale’s assortment of adventures awaits you. Whether you want to relax on the beach as the sound of...

River cruising is a treat for the senses, allowing you to see, touch, feel and experience the world like never...

With long periods of Thailand’s History, according to evidences and studies, Sukhothai was the first kingdom of Thailand. At that time, an early Thai...

Rakuten is a global powerhouse, with deep roots in Asia, and dominance in Japan. We enable our clients globally to...

Family-owned Olympic Holidays has been arranging holidays to Greece, the Greek islands and Cyprus for more than half century. The company is unrivalled...

Our Mission Ecommerce has transformative powers, and we believe everyone should be able to take part. But outdated solutions and...

The Jamaica Tourist Board (JTB), founded in 1955, is Jamaica’s national tourism agency based in the capital city of Kingston....

WANDERERS WELCOME to MISSISSIPPI Mississippi is a state for all those who are wanderers at heart. From lush, forested Appalachian foothills to...

Philippine Airlines (PR), also known as PAL, is the Filipino flag carrier. The company started their operations in February 1941,...

Located in the Mediterranean and connecting Asia and European continents that are separated by the famous Bosphorus, Türkiye is a...

Cunard is the operator of luxury cruise ships Queen Mary 2®, Queen Victoria® and Queen Elizabeth®. Renowned for impeccable White...

The city has been the vibrant heart of Japan for over 400 years, and is a crossroads where tradition meets...

Blue Diamond Resorts consistently goes above and beyond guest expectations by delivering groundbreaking vacation experiences through our exceptional collection of...