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TAP: management ready to cut pay cuts to 20%

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Corbis via Getty Images

Corbis via Getty Images

TAP is ready to cut wage cuts for workers from 25% to 20%, Eco newspaper reported this Wednesday, Jan. 1520 euros.

The lower cut percentage means there will be less cuts for pilots and flight attendants – given they will already have cuts of 35% and 25% this year – as well as aircraft maintenance technicians or ground personnel.

The TAP management decision was made possible by exceeding the target proposed in the 2022 restructuring plan.

CLICK. “Historical” results exceed the planned indicators, but still “insufficient”

TAP made a profit of 111 million euros in the third quarter of the year, despite posting a loss of 91 million euros between July and September.

Source: Observador

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