AirBaltic may cut up to 700 employees

Latvian national airline airBaltic is considering the possibility of reducing 500 to 700 jobs under a new business plan. Now the staff of the airline is about 3 thousand people, which means that the upcoming changes could potentially affect about one in five employees of the company.

As BelTA informs with reference to the portal bb.lv, the cuts may affect airBaltic bases in Riga, Vilnius and Tallinn. The final number of posts has not yet been determined and could be adjusted during consultations. This range of 500 to 700 jobs takes into account both ongoing negotiations with unions about a possible change in the workload for pilots and flight attendants and the development of a new organizational structure for the entire company. It is expected to be determined by mid-October.

AirBaltic has already notified the State Employment Agency of Latvia about the planned collective reduction of employees.

In addition, according to the new business plan, the airline plans to reduce the fleet of Airbus A220-300.

In July, Latvian Finance Minister Maris Kucinskis said the national airline airBaltic would likely have to scale down its operations. The future of the company will depend on the updated business plan, which is being prepared by the new management of the carrier. The minister stressed that the state cannot simply provide the airline with additional funding. Kucinskis noted that airBaltic no longer holds a dominant position at Riga Airport and that the airline accounts for about half of the passenger market. In a debt swamp. Latvian national airline airBaltic has one last chance to avoid collapse