Dutch airline KLM unveils ‘firm’ cost-cutting measures …C0NTINUE READING HERE >>>
KLM is flying into turbulence.
Photo: THOMAS KIENZLE / AFP
Source: AFP
Dutch airline KLM on Thursday announced a sweeping package of “firm” cost-cutting measures it hopes will lead to a boost in operating profits of around 450 million euros ($496 million) “in the short term.”
There was no specific mention of job cuts, but the company vowed to “explore options for outsourcing, divesting or discontinuing activities that do not directly contribute to flight operations.”
KLM said it would reconsider and postpone all new investment, including its new headquarters and engineering buildings.
>