Air Canada to lay off 20,000 workers amid travel industry collapse

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 99%

Business News News

Business Business Latest News,Business Business Headlines

Air Canada plans to lay off at least 20,000 employees as the COVID-19 pandemic continues to wreak havoc on the airline industry.

The move comes amid ongoing border shutdowns and confinement measures that have tanked travel demand, prompting Air Canada to ground some 225 airplanes and slash flight capacity by 95 per cent.

The blow echoes on a bigger scale Air Canada's announcement in March to let go of nearly half of its workforce under a cost reduction scheme. The carrier proceeded to rehire some 16,500 laid-off flight attendants, mechanics and customer service agents in April under the Canada Emergency Wage Subsidy, but has not committed to maintain the program past June 6.

"We know this news is not what any of us were expecting," states the bulletin, signed by the president of CUPE's Air Canada component and two other union officials. The subsidy program that allowed employees -- including 6,800 flight attendants -- to be rehired last month covers 75 per cent of a worker's normal hourly wages or up to $847 per week. The vast majority of those workers have stayed at home, however, as operations remain at a virtual standstill.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You know there is more than one airline in Canada !! Why is all the media attention on Air Canada !!

Get use to it. It's the new normal

Great Depression v2.0?

Bill_Morneau has this on his hands because the idiot couldn’t do what 20+ other nations did supporting their industry. Way to go bill, you are a total failure like JustinTrudeau !

CTVToronto Holy smokes, that's pretty bad 👎

CTVNationalNews What happen to the 75% funding to employees.

CTVToronto Time to look for work at an airline worth working for...

They are looking for a bail out

Ouch

I think your number may be a little low .m, very low.

Ready to go?

So how many of these 20000 live in liberal ridings and will remember this at the polls next election because of CanadianPM and Bill_Morneau a failure to get an airline aid package out like the Americans did in a week! Remember these lies ⬇️

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines