December 4, 2020

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The Dutch government approves the KLM recovery plan, support from …

The Dutch government approves the KLM recovery plan, support from ...

The Dutch government approves the restructuring plan drawn up by KLM in order to achieve a cost reduction of 15 percent in the coming years. This means that the Dutch airline can continue to receive a support package totaling 3.4 billion euros, which the government and banks have made available.

The Dutch finance ministers (Wopke Hoekstra) and infrastructure ministers (Cora van Nieuwenhuizen) informed the House of Commons about this on Tuesday evening.

Earlier in the day, the airline’s unions agreed on an additional wage tax for the duration of the loan, until 2025.

This prolonged wage restraint was a request from Minister Hoekstra to provide the second part of the support package. The VNV pilot union initially did not want to sign, because it wanted to stick to the agreements made with KLM at the beginning of October on the submission of wages for a period of only two years. In the end, however, the union agreed.