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An advance by Sara Nelson, International President of the Association of Flight Attendants.
Singapore Airlines announced Thursday that it would eliminate 4,300 jobs, approximately 20% of its own, as the coronavirus pandemic continues to wreak havoc on the aviation industry.
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The measure occurs when the airline operates at 8% of its overall capacity, according to Reuters, and the borders of many countries remain closed to travelers to involve the spread of the virus. Singapore Airlines has no domestic network and is completely dependent on foreign routes.
“When the war against COVID-19 began this year, none of us could have predicted that it would have a devastating effect on the global aviation industry,” company CEO Goh Choon Phong said in a statement. At first, our priorities were to ensure our survival and save as many jobs as possible. Since the road to recovery will be long and full of uncertainty, unfortunately we want to put in place measures to reduce the workforce without realizing it».
Singapore Airlines accounts for approximately 20% of its workforce. (iStock)
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Phong described the coming weeks as “among the most difficult” in the company’s history.
Singapore Airlines said that as a result of freezing hiring, herbal wear and voluntary exit plans, approximately 2,400 of its current workers will be affected by task cuts.
Eliminations are the first singapore Airlines has announced since the start of the pandemic, Reuters reports, adding that one state investor and others have already put a $9. 5 billion ransom in position for the company.
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Singapore Airlines has been named the global airline of the moment at the Skytrax World Airline Awards in 2019.
The airline’s ratings also named it the most productive airline for first-class travelers and for the world’s most productive first-class seat elegance, the world’s most productive cabin crew and Asia’s most productive airline.
Elizabeth Zwirz of Fox Business contributed to this report.
Quotes with delay of at least 15 minutes. Real-time quote through BATS BZX Real-time Price Market knowledge through Interactive Data (General Conditions) Developed and implemented through Interactive Data Management Solutions Company Basics through Morningsta. Knowledge of revenue estimation through Zacks Knowledge of Mutual Funds and ETFs through Lipper. Economic knowledge through Econoday. Dow Jones Terms and conditions
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