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LATAM Airlines to Lay Off 1,400 Employees in South America, Blames Coronavirus Pandemic for Drastic Slump in Business

LATAM Airlines to Lay Off 1,400 Employees in South America, Blames Coronavirus Pandemic for Drastic Slump in Business

LATAM Airlines (Photo Credits: AFP)

Santiago, May 16: LATAM Airlines mentioned Friday it could lay off 1,400 workers in South America, blaming a drastic hunch in enterprise due to the coronavirus pandemic.

“Despite all the efforts we have made to take care of jobs, we are forced to make this difficult decision,” mentioned Roberto Alvo, government director of the Chilean-Brazilian service. United States Will Donate Ventilators to India, Cooperate on Vaccine Development, Says Donald Trump.

“The effects of COVID-19 are profound and makes reducing the size of the LATAM group inevitable to protect its sustainability in the medium term,” Alvo mentioned in a press release.

The jobs will likely be minimize from operations in Chile, Colombia, Ecuador and Peru, the service mentioned. A merger of Chile’s LAN and Brazil’s TAM, the airline introduced final month it was scaling again its operations by 95 p.c in response to the worldwide well being disaster.

LATAM usually flew to 145 locations in 26 international locations, with round 1,400 flights a day. Friday’s redundancy plan is in addition to the voluntary retirement program introduced final week by the group, which offers for the departure of one other 800 individuals in the six international locations the place it operates.

The international aviation trade has suffered a extreme blow from the pandemic, straight affected by border closures and inhabitants lockdowns. The International Air Transport Association (IATA) has forecast a $15 billion loss in income for Latin American airways this 12 months.

On Sunday, Latin America’s second largest airline, Colombia’s Avianca, filed for chapter in the United States to reorganize its debt “due to the unpredictable impact” of the pandemic. Latin America noticed its coronavirus circumstances cross 300,000 this week, with the loss of life toll at greater than 16,000.

About the author

Tori Holland

Tori Holland

After being a professional journalist for 5 years and understanding the ups and downs of health care sector all over the world, Tori shifted her focus to the digital world. Today, she works as a contributor for News Brig with a knack for covering general and health news in the best possible format.

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