BRASILIA LATAM Airlines will fire "at least" 2,700 workers in Brazil, including pilots, its Brazilian arm said on Saturday as the bankrupt airline struggles to cut costs and faces an industry collapse due to the COVID-19 pandemic.
In a statement, LATAM Brazil said it opened a voluntary layoff process on Friday that will run until August 4, after which another 2,700 jobs will be cut.
The announcement followed the collapse of talks with the SNA union about paying workers, according to the statement. The newspapers O Globo and O Estado de S. Paulo reported the layoffs on Saturday morning. LATAM said it pays its pilots and crew more than its rivals in Brazil, and the pandemic has forced it to "match industry practices."
The layoffs are the latest in efforts to downsize the largest airline in Latin America. Before the new coronavirus outbreak, the airline had 43,000 workers worldwide, most of them in Brazil and Chile.
LATAM seeks to restructure $ 18 billion in debt. When it filed for bankruptcy protection in May, it was the world's largest airline to date to seek an emergency reorganization due to the pandemic.
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