Morocco’s national airline Royal Air Maroc (RAM), hammered by the collapse in travel due to the coronavirus, is planning to layoff 30% of its crew members and liquidate 20 planes.
The Chief Executive Officer (CEO) of RAM, Abdelhamid Addou, stated that the layoff plan would affect 858 jobs within the company or 30% of its global workforce.
RAM has also set up a voluntary redundancy plan for employees aged above 57 years with 15 years of seniority. The discharge concerns one-third of the pilots (180 pilots), 30% of the cabin crew (stewards), and approximately 13% of the ground personnel, including baggage handlers.
Moreover, the Moroccan flag carrier is also set to proceed to sell 20 planes including 4 Embraers, 4 Dreamliner 787s, and a dozen B737 aircraft.
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RAM has suffered the worst crisis since its inception in 1957. The company has reportedly experienced $109.1 million in monthly losses since the closure of national borders and the declaration of the emergency state in mid-March.
It is worth-mentioning here that some of the airlines around the world have filed for bankruptcy or sought bailouts to survive the near-shutdown in their activity.
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Global airlines will suffer a record net loss of $84.3 billion this year, more than double the $31 bn in loss incurred during the 2008-2009 global financial crisis, according to International Air Transport Association (IATA).
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