Saturday , April 27 2024
Home / le News / SWISS plans large cuts to fleet and staff numbers

SWISS plans large cuts to fleet and staff numbers

Summary:
On 6 May 2021, SWISS announced a plan to cut jobs and the size of its fleet. © Boarding1now | Dreamstime.comDue to the continuing global coronavirus pandemic and structural changes in the market, the company expects a 20% structural decline in demand. In response, the airline plans to cut the fleet it had in 2019 by 15% and bring its personnel numbers down by 1,700 – before the pandemic SWISS employed 9,500 people. The company described the cuts as unavoidable. Much of this staff reduction will occur via voluntary departures and natural staff turnover, which has been underway since 2020. However, forced redundancies of up to 780 ground and air staff may be required, announced the company. One year on from the outbreak of the global coronavirus pandemic, air transport

Topics:
Investec considers the following as important: , , ,

This could be interesting, too:

Investec writes Swiss health care costs continued to rise in 2022

Investec writes Swiss parliament rejects adding dental care to basic insurance

Investec writes Study shows how Swiss doctors and hospitals overcharge

Investec writes Health care cost brake initiative to go to a vote

On 6 May 2021, SWISS announced a plan to cut jobs and the size of its fleet.

© Boarding1now | Dreamstime.com

Due to the continuing global coronavirus pandemic and structural changes in the market, the company expects a 20% structural decline in demand.

In response, the airline plans to cut the fleet it had in 2019 by 15% and bring its personnel numbers down by 1,700 – before the pandemic SWISS employed 9,500 people. The company described the cuts as unavoidable.

Much of this staff reduction will occur via voluntary departures and natural staff turnover, which has been underway since 2020. However, forced redundancies of up to 780 ground and air staff may be required, announced the company.

One year on from the outbreak of the global coronavirus pandemic, air transport activities remain very subdued. The impact of COVID-19 on aviation has been far more substantial than was the case with previous exogenous shocks, and has shaken the industry to an unprecedented extent, said the company.

“It has grown increasingly clear that our market is undergoing structural change, and that despite the actions which we were swift to take in response, a restructuring of our company now sadly seems unavoidable,” said SWISS CEO Dieter Vranckx.

The short- and medium-haul fleet will shrink from 69 to 59 aircraft through the withdrawal of Airbus A320s. On the long-haul front SWISS plans to reduce its fleet from 31 to 26 aircraft, by withdrawing five of its long-haul Airbuses.

SWISS said it will continue to pursue its premium positioning and maintain its operations from both Zurich and Geneva.

Consultations with employee groups and staff are underway and an evaluation is expected to be concluded by mid-June.

More on this:
SWISS press release (in French) – Take a 5 minute French test now

SWISS plans large cuts to fleet and staff numbers

For more stories like this on Switzerland follow us on Facebook and Twitter.

About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *