LATAM Airways to chop pay by 50% to its 43,000 workers

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LATAM Airways to chop pay by 50% to its 43,000 workers

Corrects day of the week to Thursday


Corrects day of the week to Thursday

SAO PAULO, March 19 (Reuters)LATAM Airways Group LTM.SN, the continent’s largest service, will lower pay to its 43,000-strong workforce by 50% for 3 months, a supply near the state of affairs informed Reuters on Thursday, as a result of coronavirus outbreak.

The paycuts will have an effect on workers worldwide, however LATAM’s operations are concentrated in Chile and Brazil. The corporate’s chief govt will lower his pay by 100%, the supply added.

(Reporting by Marcelo Rochabrun, Modifying by Franklin Paul)

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