May 28, 2020

EasyJet to cut 4,500 jobs and reduce capacity

EasyJet plans to cut up to 4,500 jobs and reduce its capacity as the low-cost airline seeks to rebuild and improve productivity after the coronavirus pandemic forced it two months ago to ground almost its entire fleet. EasyJet expects to fly about 30 per cent of the planned capacity in the fourth quarter, it said on Thursday. EasyJet plans to restart a number of flights on June 15, which will initially involve flying domestic routes in the UK and France. The airline held a general meeting last week in response to Sir Stelios's call to remove four directors, and about 58 per cent of shareholders voted against each resolution. Rew Findlay, chief financial officer, this week announced plans to leave the group a year from now, just days after he survived Sir Stelios's attempt to oust him.

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