Markets

(Updates easyJet, American Airlines, Ryanair, LATAM, adds Southwest) May 28 (Reuters) – Major airlines across the world have announced layoffs, wage cuts and unpaid leave for staff as cash-strapped firms wait for bailouts amid the coronavirus pandemic which has brought air travel to a virtual halt. The following table shows major airlines which have announced changes to their workforce due to the crisis: AIRLINE RIC CHANGES AIR To reduce workforce by up to 60% CANADA AIR Opening talks with French unions on FRANCE job cuts, no details on size of likely KLM cutbacks but company has identified opportunities for voluntary layoffs AIR NEW Has laid off about 3,500 employees, ZEALAND nearly a third of its workforce AMERICAN Will reduce management and support AIRLINES staff by about 30% Nearly 40,000 employees have already opted for temporary voluntary leave or early retirement BRITISH Plans to cut more than a quarter of AIRWAYS jobs, consulting unions on up to 12,000 redundancies DELTA AIR Has told its 14,500 pilots it expects LINES to have 7,000 more pilots than it needs in the autumn EASYJET Plans to cut up to 30% of staff and shrink fleet Has laid off its 4,000 UK-based cabin crew for two months EL AL Has extended unpaid leave for 6,000 ISRAEL workers until June 30 AIRLINES EMIRATES Plans to cut about 30,000 jobs, around 30% of its employees ETIHAD Laid off hundreds of employees in May, AIRWAYS with more cuts expected FINNAIR Announced costs cuts on May 20 including widespread temporary lay-offs, having said in March it planned to lay-off all of its staff for up to a month LATAM Laid off 1,800 employees out of more AIRLINES than 40,000 in the lead-up to a bankruptcy filing LUFTHANSA Two-thirds of global staff will work reduced hours Austrian Airlines could cut 15% of its 7,000 jobs and reduce salaries by 13%, while Brussels Airlines plans to cut a quarter of its 4,200 staff NORWEGIAN As part of a major restructuring, will AIR only fly seven aircraft for up to 12 months Has temporarily laid off 7,300 employees, or 90% of its staff, with 4,700 jobs at risk after four of its Swedish and Danish subsidiaries filed for bankruptcy QANTAS Has put two-thirds of its workforce – AIRWAYS 20,000 workers – on leave QATAR To lay off close to 20% of its AIRWAYS workforce RYANAIR Looking to lay off 15% of its staff, consulting with unions about cutting up to 3,000 jobs and reducing wages for remaining employees by 20% CEO, however, expresses hope the figure will be significantly below 3,000 due to the progress on pay cuts across Europe Austrian unit Lauda to close down Vienna base, cutting 300 jobs SAS Has temporarily laid off up to 10,000 employees, 90% of its total workforce, could cut up to 5,000 full time positions SOUTHWEST Plans to cut flight capacity by 30%, AIRLINES potentially leaving it overstaffed, Bloomberg reports. UNITED Plans to cut at least 3,400 management AIRLINES and administrative positions in October Has told staff there is only work for about 3,000 of its about 25,000 flight attendants in June, warning of job losses if demand doesn’t recover by the time government payroll aid expires at the end of September TAP AIR Has temporarily laid off around 90% of its more than 10,000 employees VIETNAM Up to 10,000 employees – half the AIRLINES staff – have stopped working while others’ salaries have been cut VIRGIN Plans to cut 3,150 jobs ATLANTIC VIRGIN Has put 8,000 people – 80% of its AUSTRALIA staff – on leave until at least end of May WIZZ AIR Plans to cut 1,000 jobs, almost a fifth of its workforce, and reduce salaries (Reporting by Milla Nissi, Tommy Lund and Sarah Morland in Gdansk Editing by Tomasz Janowski, Kirsten Donovan)