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The Dutch Government Halted Aid To KLM Airlines
The Dutch government halted more than three billion euros in aid to KLM airlines. The unions refused to sign an agreement that included a 5-year salary reduction plan.
Yazar: Tom Roberts
Yayınlanma: 1 Kasım 2020 23:49
Güncellenme: 4 Kasım 2024 01:22
The Dutch Government Halted Aid To KLM Airlines
The Dutch government halted more than three billion euros in aid to KLM airlines. The unions refused to sign an agreement that included a 5-year salary reduction plan. This threatens the future of the Dutch division of French-Dutch airline Air France-KLM. Without the planned aid package, KLM, which as a whole has been hit hard by the consequences of the new coronavirus pandemic, is unlikely to survive. Finance Minister Wopke Hoekstra informed reporters that the planned financial assistance for KLM would not be implemented. "It's disappointing, but that's the way it is." He added that it is now most important for all parties to realize that KLM is in existential danger. The decision of the Dutch government came after a day of intensive negotiations between KLM and its trade unions. Hoekstra gave KLM and the unions representing pilots and flight and ground personnel time to sign an agreement to unlock the € 3.4 billion financial injection by noon on Saturday. The VNV pilots' union refused to sign the agreement because the terms of the agreement changed at the last minute. In addition, negotiations with other unions are still ongoing. The point of contention is the reduction in the salaries of airline employees in the next 5 years. This week, KLM Airlines submitted a austerity plan to the Ministry of Finance, which included a 15% cost reduction and the elimination of 5,000 jobs. It also included an agreement with the unions to reduce the salaries of pilots by March 2022 and cabin and ground personnel by early 2023. However, Hoekstra rejected the plan on Friday, demanding a salary reduction to 5 years in line with the 5-year rescue package.İLGİLİ HABERLER
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