|LOT is fighting for survival|
COURTESY OF WARSAW CHOPIN AIRPORT
Poland's national air carrier PLL LOT will lay off as much as 40 percent of its cabin staff and pilots, Radio PiN reports. It will also lay off about 25 percent of its office staff.
Total job cuts in the airline could amount to about 700. Out of 1,100 on-board personnel, 450 will lose their jobs. The company also plans to lay off 250 of its administrative staff. If the plan comes into fruition, layoffs will hit one third of the airline's total staff. Employees that keep their jobs will face salary reductions of 25 percent.
LOT's new CEO Sebastian Mikosz is preparing a restructuring plan for the company, which is in dire financial straits and applied for zł.400 million in state financial aid in December 2012.
From Warsaw Business Journal
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