The Basel Dufry group suffers the consequences of the Corona-crisis. As the travel retailer, announced today that it must cut costs and has, therefore, initiated a restructuring program.
The personnel costs are to be reduced by 20 to 35 percent. As a result, the group leads Corona-related revenue declines at the airports between 40 and 70 percent in the first quarter.
The company now announces early retirements and a limited employment of temporary employees. The personnel costs should be reduced through state support programs and the removal of Agencies at all levels of the organization and in all regions.
The measures to be implemented between June and October 2020. It is not yet clear how many employees in the various countries are put on the road. (pbe)