Emirates is considering massive cost savings in order to survive the current crises. This includes slashing up to 30000 jobs worldwide and decommissioning up to 40% of its Airbus A380 fleet. Emirates has recently laid off over a thousand employees including 700 cabin crew and 600 pilots. Most of these sacked employees were flying on the Airbus A380 or they being trained to fly on the superjumbo.
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An internal email to staff said that “we have endeavored to sustain the current family as is… but have come to the conclusion that we, unfortunately, have to say goodbye to a few of the wonderful people that worked with us,”. In a statement, Emirates said: “Given the significant impact that the pandemic has had on our business, we simply cannot sustain excess resources and have to right-size our workforce in line with our reduced operations.”
Emirates current payroll stood at 105,000 in March and there are rumors that it will reduce it by as much as 30% in the coming days. The state-owned Emirates group has got $1.2 billion in new financing so far and it is hoping to get more aid from Dubai Government. In order to save costs, it is retiring up to 40% of its entire Airbus A380 fleet. It is currently the world’s largest operator of the superjumbo and still awaiting for several deliveries.