The Basle Dufry Group is suffering massively from the consequences of the Corona crisis. As the travel retailer said today, it has to cut costs and has therefore launched a restructuring program.
Personnel costs are to be reduced by 20 to 35 percent. The group cites corona-related sales declines at the airports of between 40 and 70 percent in the first quarter.
The company is now announcing early retirement and limited employment of temporary employees. Personnel costs should also be reduced through government support programs and job cuts at all organizational levels and in all regions.
The measures are to be implemented between June and October 2020. It is not yet clear how many employees are put on the streets in different countries. (pbe)