Kuwait Airways is to lay off nearly 20% of its workforce as part of its cost reductions in response to the ongoing coronavirus crisis, the airline has announced.
Kuwait’s national carrier will get rid of 1,500 foreign workers across all departments. Full details will be revealed in two weeks.
In a statement, the airline said: “Kuwait Airways announces that, in response to the emerging crisis of the coronavirus and its negative impact on its commercial operation, and in accordance with a comprehensive plan to remedy its economic effects, the company decided to lay off nearly 1,500 non-Kuwaiti employees from various sectors, giving them all thanks and appreciation for their efforts.”
Kuwait Airways’ passenger operations have been grounded since mid-March, which has seen the airline’s revenues all but disappear.
Even before the crisis struck, Kuwait Airways was a loss making business. The company lost nearly KD132 million ($427 million) in 2018, according to its full-year accounts.