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Finance

Dutch airline KLM scraps 250 office jobs in profitability drive

Published by Global Banking and Finance Review

Posted on January 29, 2025

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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)