Emirates Group considers cutting 30,000 jobs amid the pandemic
Bloomberg News reported on Sunday that the Emirates Group is considering plans to cut about 30,000 jobs as the operator of the world’s largest long-haul carrier seeks to reduce costs after the pandemic grounded air travel.
Emirates Group announced that it would slash the number of employees by about 30% from more than 105,000 at the end of March.
The aviation company is also considering accelerating the retirement of its biggest operator, the A380 fleet, a number of sources say.
Emirates had declined to comment on the rumors
“Any such decision will be communicated in an appropriate fashion. Like any responsible business would do, our executive team has directed all departments to conduct a thorough review of costs and to resource against business projections,” the spokesperson stated.
Emirates Group’s profit jumped by 21% based on its annual report last week. However, the company’s profit for March was more than 1.5 billion Dirhams ($408 Million) which was lower than expected. The group lost over 3.4 billion Dirhams in revenue that month.