AMSTERDAM (Reuters) - Dutch airline KLM on Wednesday said it would scrap 250 office jobs in a push to cut costs and improve profitability. The move is part of a plan announced in October to improve
KLM to Eliminate 250 Office Positions in Cost-Cutting Initiative
AMSTERDAM (Reuters) - Dutch airline KLM on Wednesday said it would scrap 250 office jobs in a push to cut costs and improve profitability.
The move is part of a plan announced in October to improve the profitability of the Dutch arm of Air France KLM by 450 million euros ($469 million) in the short term.
"It is crucial for our future to structurally lower costs. One of these measures is reducing the number of non-operational jobs," Chief Executive Marjan Rintel said in a statement.
Forced layoffs could not be excluded, Rintel added.
KLM had previously announced it would postpone the construction of a new headquarters and other new buildings, while other investments were reconsidered.
($1 = 0.9596 euros)
(Reporting by Bart Meijer; editing by Jason Neely)
