1,400 Employees To Be Layed Off By LATAM

South America giant Airline LATAM on Friday announced that it will lay off 1,400 employees, because of the coronavirus crisis.

LATAM confirmed that  the total layoffs will consist of the company’s 3% workforce.

Roberto Alvo LATAM CEO disclosed in a video that “Unfortunately, we have concluded that we have no other option but to downsize the company,”.

LATAM is the first airline to announce layoffs in the region, although several others are not paying employees but have not formally let them go.

Culled from reuters.com

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