Menzies has made 17,500 “temporary reductions in staffing”.
In a trading update issued this morning, the aviation services company said it was “mitigating action wherever we can, but the situation is very fluid”.
The directors and senior management have taken a 20% cut in salary as part of the “cost reduction initiatives”.
The staff have been put on furlough, giving employees access to the government support package.
Menzies said it hopes the vast majority …
The post Menzies cuts 17,500 roles as handlers join to warn of ‘imminent collapse’ appeared first on The Loadstar.
Source: The Loadstar
Be the first to comment on "Menzies cuts 17,500 roles as handlers join to warn of ‘imminent collapse’"