Air Zimbabwe Cuts More Than a Third of Its Workforce
- Dismissals needed to prevent bankruptcy, airline says
- State airline used to operate flights to Europe and China
This article is for subscribers only.
Air Zimbabwe is firing more than a third of its workforce to prevent the state-owned airline from going bankrupt.
The airline has debts of about $330 million, Transport Minister Joram Gumbo said in June. The carrier was also banned from operating in the European Union in May on safety concerns even though it doesn’t currently fly there. As many as 2OO jobs, or more than a third of its workforce, will be cut, a person familiar with the situation said, asking not to be named as the information hasn’t been made public.