Emirates to slash 30% of workforce as pandemic weighs on operational cost

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Emirates to slash 30% of workforce as pandemic weighs on operational cost

The Emirates Group, Dubai’s state-owned multinational aviation holding company headquartered in Garhoud, UAE, employing over 105,000 workers across the globe to date, had been exploring an option to phase out as many as 30,000 jobs in a bid to reduce operational expenses, as the travel and tourism industry has still been in tatters despite Europe’s last-ditch attempt to salvage something out of the rest of Summer holidays, a Bloomberg report publisher earlier on Sunday, the 17th of May 2020, had revealed citing people familiar with the issue.

Aside from that, Sunday’s (May 17th) Bloomberg report was also quoted a source as saying that The Emirates Group, which had reported an operational profit of $456 million (1.7 billion Arab Emirates Dirham) last year, was mulling an option to speed up the slated retirement of its A380 fleet.

Meanwhile, adding that the Dubai-based aviation industry tycoon had yet to make a public statement on its planned job cuts, but had been reviewing its costs and resourcing amid a pandemic-hit global economic nomenclature, an Emirates Airlines spokeswoman said on Sunday (May 17th) followed by the reveal of Bloomberg report, “Any such decision will be communicated in an appropriate fashion.

Like any responsible business would do, our executive team has directed all departments to conduct a thorough review of costs and resourcing against business projections.