SWISS takes further action to safeguard liquidity
For the time being, the measures will concern the postponement of variable salary components to the end of this year. The flying personnel will contribute to these measures in line with agreements with our social partners. The management board and senior management will also make an appropriate contribution. All further recruitment will be halted. Apprentice training places and internships are the only exceptions. Employment agreements which have already been issued will be honoured. All projects not essential to ordinary business activities will be halted or postponed.
SWISS is in close contact with the authorities and will initially apply for short-time working hours for cockpit and cabin staff. Further areas on the ground are under consideration. The extent of such short-time work is the subject of current reflection. SWISS CEO Thomas Klühr: “SWISS is a robust business; together with the Lufthansa Group, it occupies a strong position. In the light of the very dynamic and unforeseeable impact of the coronavirus we will be taking further immediate action to safeguard liquidity.” All measures have been agreed in close consultation with the social partners representing the flying personnel and ground personnel. “I would like to thank our social partners for their uncomplicated, constructive cooperation and our employees for their solidarity”, commented Klühr further.