World’s oldest airline faces its biggest crisis
KLM had to restructure to continue functioning, to repay loans, and 5,000 jobs are to be sacrificed on this altar of recovery.
KLM had to restructure to continue functioning, to repay loans, and 5,000 jobs are to be sacrificed on this altar of recovery.
While the global travel industry has been decimated by COVID-19, those facilitating the sale said that interest in the airline showed a recovery was possible.
As per reports, the carrier plans to keep as much as 35 per cent of its workforce on leave without pay for a month.
