As the main owner of Finnair, the state wants to help the company through the crisis, the country’s minister of state ownership and control Tytti Tuppurainen (SDP) said Tuesday.
Earlier, Finnair announced plans for co-decision negotiations aimed at reducing about 1,000 jobs, citing the low number of passengers caused by travel restrictions related to the coronavirus. According to the company, it plans to save about 100 million euros a year.
“We give our full support to the regulatory package that the company is now preparing,” Tuppurainen said. However, he noted that it had not yet been decided whether this support would be supported as financial support.
As the majority owner of the airline, Tupparainen stated that the state assumes that co-decision negotiations are conducted in good faith and in dialogue with the relevant staff members.
Meanwhile, the Minister of Labor, within the Ministry’s blog Tuula Haatainen (SDP) said the ministry is working to help laid-off airline employees find new jobs.
“I have asked the Uusimaa NTM N (economic development, transport and environment center) and TE (Employment Office) to explore all the options for a new employment [resources]. On the positive side, Finnair’s personnel are well-trained and therefore have a good chance of finding new jobs,” Haatainen said.
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CEO “Worst crisis in the industry’s history”
In addition to the planned job cuts, Finnair is also planning other structural changes in its business and increasing the number of employees.
Finnair’s CEO, Topi kill, described the pandemic as the worst crisis the airline has ever faced.
Finnair, founded in 1923, currently has about 6,200 employees in Finland, almost all of whom have suffered somewhat this year.
Source: The Nordic Page