Investing.com -- KLM, the Dutch airline, has announced plans to eliminate 250 office jobs as part of a cost-reduction and profitability-enhancement strategy.
This job reduction move is part of a broader plan announced in October, aimed at boosting the profitability of the Dutch arm of Air France KLM (OTC:AFLYY) by 450 million euros ($469 million) in the near term.
Marjan Rintel, Chief Executive of KLM, emphasized the importance of reducing costs for the company's future. "It is crucial for our future to structurally lower costs. One of these measures is reducing the number of non-operational jobs," Rintel stated.
She also indicated that forced layoffs could not be ruled out in the process.
In addition to the job cuts, KLM has previously announced other cost-saving measures, including postponing the construction of a new headquarters and other new buildings.
The company is also reconsidering other investments as part of its cost-cutting strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.