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Coronavirus prompts Dutch airline KLM to announce austerity savings

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The Dutch airline KLM has announced a package of austerity measures in response to the effects of the novel coronavirus.


They include a pause in investment and a temporary hiring freeze, Dutch media reported on Wednesday.

Employees have also been asked to take leave now, if possible. A KLM spokesperson described the measures as precautionary.

Dutch media quoted a letter from KLM’s finance director Erik Swelheim in which he spoke of the very large impact of the coronavirus, which can only be offset by cost savings and low oil prices.

The airline fears a loss of revenue if the virus continues to spread in Europe.

KLM flights to China were suspended at the end of January in response to the outbreak.

Edited By: Halima Sheji/Felix Ajide



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Olawale Olukoga: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

Contact US: editor @nnn.com.ng, nnnnews247 @gmail.com

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