Hungarian group Wizz Air, one of the biggest low-cost airlines in Europe and the market leader in Romania by number of passengers transported, will lay off 1,000 people, representing 19% of its workforce, to mitigate the financial impact of the new coronavirus (COVID-19) pandemic, says Romania-Insider.com.
“Additional employee furlough measures have also been and will be taken in the short term as necessitated by the travel restrictions due the COVID-19 pandemic,” the company said in a statement. Wizz Air’s traffic in March was down 34% year-on-year and the company is currently operating 3% of its pre-COVID-19 capacity.
Another measure the company has decided is to cut the remuneration of its managers and Board members by 22%. It will also reduce by 14%, on average, the salaries of pilots, cabin crew and office staff.
