BR100 Decreased By (-1.11%)
BR30 Decreased By (-1.14%)
KSE100 Decreased By (-0.89%)
KSE30 Decreased By (-1.03%)
AGHA 7.67 Decreased By ▼ -0.14 (-1.79%)
BECO 5.13 Decreased By ▼ -0.08 (-1.54%)
BML 57.25 Decreased By ▼ -0.25 (-0.43%)
BOP 33.81 Decreased By ▼ -0.22 (-0.65%)
CNERGY 9.87 Decreased By ▼ -0.09 (-0.9%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.10 Decreased By ▼ -1.60 (-2.93%)
FFL 16.55 Decreased By ▼ -0.14 (-0.84%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.28 Decreased By ▼ -0.12 (-1.62%)
KOSM 5.82 Increased By ▲ 0.05 (0.87%)
LOTCHEM 29.08 Decreased By ▼ -0.24 (-0.82%)
MLCF 91.97 Decreased By ▼ -2.39 (-2.53%)
NBP 201.25 Decreased By ▼ -1.80 (-0.89%)
NCPL 56.51 Decreased By ▼ -0.49 (-0.86%)
NPL 66.50 Decreased By ▼ -1.20 (-1.77%)
OGDC 314.00 Decreased By ▼ -1.84 (-0.58%)
PACE 10.58 Decreased By ▼ -0.06 (-0.56%)
PAEL 42.15 Decreased By ▼ -1.05 (-2.43%)
PIBTL 16.46 Decreased By ▼ -0.28 (-1.67%)
PPL 216.98 Decreased By ▼ -2.80 (-1.27%)
PRL 50.38 Increased By ▲ 1.19 (2.42%)
PTC 69.80 Decreased By ▼ -0.73 (-1.04%)
SSGC 26.99 Decreased By ▼ -1.26 (-4.46%)
TBL 9.78 Decreased By ▼ -0.08 (-0.81%)
TELE 8.62 Decreased By ▼ -0.17 (-1.93%)
TPL 18.12 Decreased By ▼ -0.12 (-0.66%)
TPLP 13.37 Increased By ▲ 0.10 (0.75%)
TREET 22.55 Decreased By ▼ -0.17 (-0.75%)
TRG 59.70 Decreased By ▼ -0.44 (-0.73%)
Business & Finance

KLM pilots will not agree to wage freeze demanded by Dutch government

  • A move that could endanger efforts to secure the company's future amid the coronavirus pandemic.
  • The union said in a statement they did not have enough time to agree to a longer wage freeze as demanded by The Hague.
Published Updated
By

THE HAGUE: The pilots' union of KLM, the Dutch arm of Air France, on Saturday declined to sign a document accepting a freeze on wage increases through 2025, a move that could endanger efforts to secure the company's future amid the coronavirus pandemic.

The union said in a statement they did not have enough time to agree to a longer wage freeze as demanded by The Hague. On Friday the government said it would withhold payments from the 3.4 billon euro bailout package KLM is due to receive unless the company adjusts its restructuring plan to include the freezes.

Comments

Comments are closed for this article.