The Dutch subsidiary of Air France-KLM submits a restructuring plan to the State


FILE PHOTO: Air France plane prepares to land at Nice International Airport, where Air France KLM will park its largest airliners in response to the impact of the coronavirus outbreak (COVID-19) , in Nice, France, March 16, 2020. REUTERS / Eric Gaillard /

AMSTERDAM (Reuters) – KLM, the Dutch branch of Air France-KLM AIRF.PA, said on Thursday it had submitted an operations restructuring plan to the Dutch state, a condition of the 3.4 billion euros ($ 4 billion) aid package it is receiving to avoid bankruptcy amid the COVID-19 pandemic.

In a statement, KLM said the plan includes agreements with all employees and will reduce costs by 15%, as well as carbon dioxide emissions by 50% by 2030. KLM is cutting its workforce by 20%, of which 4,500 jobs this year.

Reporting by Toby Sterling; edited by Jonathan Oatis


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