Port of Spain, Trinidad & Tobago, July 30, 2021. Caribbean Airlines has made significant progress on the previously announced consultation process for its proposed restructuring, undertaken as a result of the impact of the COVID-19 pandemic on its commercial activities.
The airline has adjusted its planned strategy, fleet size and route network to reflect the decreased size of its future market, specifically, reduced passenger numbers, which is estimated to remain below 2019 levels for the next two to three years.
During the past five weeks extensive discussions were held with employees and employee representatives in the various locations that Caribbean Airlines operates. The process was constructive and as a result the number of employees to be separated is now 280, significantly fewer than previously estimated. In addition, 99 employees will remain on temporary layoff for an extended period.
The impacted employees are being informed directly, with a 45 day notice period thereafter.