Finnair will cut about 700 jobs because of the market changes caused by the coronavirus pandemic. The redundancies will be implemented by the end of March 2021.
Finnair has completed the job negotiations for reducing workers that started in September.
“Due to the dramatic market changes caused by the pandemic, Finnair cuts approximately 600 jobs in Finland,” the government-owned airline noted in a statement.
The redundancies will be implemented by the end of March 2021. The negotiations for layoffs concerned all Finnair employees in Finland except for cabin and cockpit crew, altogether 2.800 employees.
Similar discussions have been held outside Finland, and redundancies outside Finland amount to approximately 100 jobs.
“I’m grateful that together with our employees, we were able to find savings solutions which helped us to save approximately 150 jobs at Finnair. Despite of that, this is a very sad day at Finnair. The corona pandemic has been completely unfair to our industry and unfortunately many Finnair employees now must experience its financial implications personally,” Topi Manner, CEO of Finnair, said.
“The changes are, however, necessary and inevitable. Finnair’s re-build requires us to be competitive when aviation gradually starts to recover. Therefore, in the future, we will have to do many things differently in order to succeed in the competitive market,” he added.
In addition to the redundancies, Finnair continues temporary layoffs impacting most of its employees in Finland. For many, the temporary layoffs may continue for a long time as the recovery of aviation will take several years according to the industry estimates.