About: http://data.cimple.eu/news-article/27e168485347002d727ad2d88a503d73000a080dcc5317c5ab711b45

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Belgium's biggest carrier Brussels Airlines, hammered by the collapse in travel due to coronavirus, said Tuesday it plans to slash 1,000 jobs -- a quarter of its workforce. "The extremely negative impact of the coronavirus crisis on the company's financials and the ongoing very low demand for air travel urge Brussels Airlines to take substantial and indispensable measures to guarantee the survival of the company," the airline, which is owned by German flag-carrier Lufthansa, said in a statement. The recovery path unveiled by the company also includes a fleet reduction of between 38 and 54 aircraft, a cut of 30 percent. "The overall size of the company, and consequently its workforce, will be reduced by 25 percent", Brussels Airlines said, adding that it would "work with its social partners to reduce the number of forced redundancies to an absolute minimum." The company, born in 2002 from the ashes of Belgium's historic carrier Sabena, said it hopes to "develop profitably as soon as demand for air transport has returned to a new normal, which is expected from 2023." Since March 21 and the temporary suspension of all its flights, the company "is losing one million euros a day due to loss of revenue and costs that cannot be avoided, such as the leasing and maintenance costs of its aircraft." Despite the layoffs, Brussels Airlines said it still hopes to receive financial support from Lufthansa and the Belgian government, with bailout talks ongoing. Lufthansa became a shareholder of Brussels Airlines in 2008 and took full ownership in 2017. Germany's national carrier, which also owns former flagship fliers Austrian and Swissair, is currently in talks to give the German government a stake of up to 25 percent plus one share as part of a massive bailout. The partial state ownership would give German officials veto power over decisions such as job cuts and the carrier's post-crisis strategy. zap-arp/pdw/bmm
schema:headline	Lufthansa-owned Brussels Airlines says to slash about quarter of workforce
schema:mentions	Swissair Lufthansa Flagship Urge (digital music service) USA Gymnastics Bailout Veto Belgium Germany Severe acute respiratory syndrome coronavirus 2 Sabena Brussels Airlines Personal defense weapon
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-12 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	93 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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