Nov. 7—BERLIN — Air carrier Swiss and a union representing its cabin crews have reached an agreement on cutting costs in an effort to keep the business afloat after sharp drops in passenger numbers amid the coronavirus crisis, the company said on Friday.
The deal between Swiss International Air Lines and the Kapers union must still be approved by the union's membership.
All proposals are time-limited, meaning they would be phased out by the end of 2023 at the latest, at which point the existing labor agreement would go back into effect.
Because the crisis has left the company with more workers than it needs, it includes such measures as voluntary early retirement and part-time employment options. The deal would help cut costs by about 10 per cent.
A report posted on Thursday showed that the airline expected to slash about 1,000 positions in the next two years.
___
(c)2020 Deutsche Presse-Agentur GmbH (Hamburg, Germany)
Visit Deutsche Presse-Agentur GmbH (Hamburg, Germany) at www.dpa.de/English.82.0.html
Distributed by Tribune Content Agency, LLC.
