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Philippine Airlines to cut up to 2,700 jobs due to pandemic impact

Published 10/05/2020, 09:24 PM
Updated 10/05/2020, 09:30 PM

MANILA, Oct 5 (Reuters) - Philippine Airlines Inc PHL.UL
(PAL) said on Monday it is cutting up to a third of its
workforce, or around 2,700 jobs, as the aviation sector
continues to suffer from pandemic-driven travel curbs.
The Southeast Asian nation's carriers, which halted
operations in mid-March as President Rodrigo Duterte imposed one
of the world's strictest and longest coronavirus lockdowns, are
slowly ramping up operations.
"The collapse in travel demand and persistent travel
restrictions on most global and domestic routes have made
retrenchment inevitable," PAL said in a statement.
The retrenchment programme this quarter could cover up to
35% of its roughly 7,800 personnel, it added.
PAL is running less than 15% of its normal number of daily
flights eight months after the Philippine government imposed
travel curbs.
The loss-making carrier, partly owned by Japan's ANA
Holdings Inc 9202.T , lost roughly $1 billion in revenues in
March to May when the company suspended its operations because
of a travel ban.
The Philippines has 324,762 confirmed COVID-19 infections,
the most in Southeast Asia.

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