France’s ADP cannot rule out job cuts to cut investment by half – CEO

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PARIS, June 26 (Reuters) – The head of the French ADP said Friday that he could not rule out job cuts due to the impact on travel of the COVID-19 crisis and that the group of airports was to halve its annual investment plans.”I cannot exclude measures on employment. I want to limit job cuts as much as possible, “Radio Augustin de Romanet, president and CEO of ADP, told RTL Radio.

“We will have discussions from July (with staff representatives), so that they are informed about the future of the company,” he said.

Romanet, who previously said ADP could lose 2.5 billion euros in revenue due to the crisis, said ADP could cut annual investments by $ 1 billion to $ 400-500 million. euros.

He spoke while Orly Airport, near Paris, reopened on Friday after a close of almost three months.

Travelers will be able to fly to 25 destinations and there will be 74 flights Friday compared to 600 normally, he said.

For July, Romanet planned 200 daily flights from Orly.

Asked about plans to privatize ADP, he replied: “To my knowledge, the Minister of the Economy believes that this is no longer on the agenda.”

Transport Minister Elisabeth Borne said this month that the privatization of ADP was “not something that will be on the table in the months to come. After 2022, we will see. “

Report by Dominique Vidalon; edited by Jason Neely

Our standards:Principles of the Thomson Reuters Trust.

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