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Redundancy at Air France-KLM increases losses

As reported in the Simply-docs blog entry of 21st June 2012, Air France-KLM previously announced plans to cut around 10% of its total workforce, or just over 5,000 jobs, by the end of 2013. The move forms part of a restructuring plan for the ailing company to reduce costs and return to growth

It has now emerged that the company’s losses have widened as a result of redundancy payouts. It has cost the airline €368 million to cover the cost of these payments. To further exacerbate the company’s woes, two out of three of the unions representing cabin crew rejected the cost cutting plans.

If your company is facing the prospect of having to make redundancies, ensure that you follow the correct procedures with the help of these professionally written template redundancy documents.

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