layoffs coronavirus

Reasons for Unemployment – Transportation & Warehousing industry

Cathay Pacific is having trouble remaining a viable airline with just a trickle of passenger business due to the coronavirus. It’s taking drastic measures.

Voluntary redundancy is the term used when an organization has more jobs than it needs — or can afford. It’s a nice way of letting people go compared to forced layoffs. IATA has offered deals for employees to leave early, and cargo chief Glyn Hughes has accepted.

The International Air Transport Association is preparing to eliminate about 400 jobs as airlines pinch pennies because of the coronavirus pandemic.

American Airlines’ cargo revenue for the first half of the year was $277 million, or 37% lower than the first half of 2019.

American Airlines, United Airlines and Delta Airlines are planning for mass layoffs unless workers take unpaid leave or separation packages as COVID continues to batter the industry.

Third-party logistics services providers involved in international trade remain concerned about how their businesses will remerge post-COVID-19. They are addressing tough questions about what it will take in terms of staff, systems and office space to operate a successful company.