LATAM Airlines set to fire at least 2,700 workers in Brazil: reports By Reuters


© Reuters. LATAM airlines logo, is seen inside of the Commodore Arturo Merino Benitez International Airport in Santiago

BRASILIA (Reuters) – LATAM Airlines (SN:) is poised to fire at least 2,700 workers in Brazil, including pilots, starting with a voluntary redundancy process slated to commence next week, O Globo and O Estado de S. Paulo newspapers reported on Saturday.

The layoffs are the latest in efforts to downsize Latin America’s largest airline, and follow failure of the company and its Brazil unions to reach agreement on a temporary reduction in hours and wages.

Before the novel coronavirus crisis, the airline had 43,000 workers worldwide, with most of them in Brazil and Chile.

LATAM Brasil did not immediately respond to a request for comment.

LATAM is seeking to restructure $18 billion in debt. When it filed for U.S. bankruptcy protection in May, it was the world’s largest airline to date to seek an emergency reorganization due to the COVID-19 pandemic.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*