KLM airlines announces massive layoffs; says would cut nearly 5,000 positions

The pandemic-stricken Dutch airlines, KLM has announced that it would cut 4,500 to 5,000 positions. "KLM is in the throes of a crisis of unprecedented magnitude," Xinhua news agency quoted the airline as saying in a statement on Friday." Expectations are that the road to recovery will be long and fraught with uncertainty. This means that KLM's structure and size must be rigorously adjusted even further in the years ahead."

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