LATAM Airlines has laid off 400 employees in its subsidiaries in Chile, Ecuador, the United States, Mexico and Uruguay by the impact of the coronavirus pandemic on the airline’s accounts, as reported in a statement this Friday.
The company has indicated that this is a “very difficult, but necessary” decision in the current context derived from the spread of the COVID-19 in the international environment and has ensured that the action has as its sole objective the sustainability of the group in the future.
Additionally, the airline has confirmed the dismissal of 129 workers at its subsidiary in Peru. “Unfortunately, for the first time we have been forced to resort to the legal measure of perfect suspension,” he said in a statement.
The decision, says the company, has been adopted in what they consider “one of the worst economic crises in the aeronautical sector” and after proposing various measures, such as voluntary salary reduction agreements, voluntary layoffs and leave without benefits, as well as vacation scheduling.
Recently, the airline announced the suspension of employment contracts in Colombia as a result of the paralysis of air operations generated by the Covid-19 crisis, as well as the impossibility of generating income from sales of air transport services. of passengers in Colombia.
On June 17, The company announced the cessation of domestic flights in Argentina, endangering more than 1,700 jobs in the South American country. At the same time, destinations to the United States, Brazil, Chile and Peru from Argentina will continue to be operated by the other subsidiaries of the group, once the restrictions implemented by the authorities in the framework of the COVID-19 health crisis have been lifted.
In May, LATAM entered into the debt restructuring process of Chapter 11 of the United States Bankruptcy Law, under the protection of its largest shareholders, the Cueto and Amaro families and Qatar Airways.
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