In some cases, employee's basic salaries are reduced by up to 50%. FMTNews Emirates
DUBAI: Gulf carriers Emirates and Etihad Airways are extending the period of reduced pay for their staff until September as they try to preserve cash during the global coronavirus pandemic.
They are due to restart some connecting flights this month after the UAE last week lifted a suspension on services where passengers stop off in the country to change planes, or for refuelling. State-owned Emirates Group, which employed 105,000 as of March and includes the airline among its assets, did not immediately respond to an emailed request for comment.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opec+ to meet Saturday on extending cuts, pushing for compliance | Malay MailDUBAI, June 5 ― Opec and its allies led by Russia meet tomorrow to discuss extending record oil production cuts and to approve a new approach that aims to force laggards such as Iraq and Nigeria to comply better with the existing curbs. The producers known as Opec+ previously agreed to cut supply...
Read more »
Opec, Russia meet to extend record oil cuts, push for compliance | Malay MailMOSCOW, June 6 — Opec and its allies led by Russia meet today to approve extending record oil production cuts and to push countries such as Iraq and Nigeria to comply better with existing curbs. The producers known as Opec+ previously agreed to cut supply by a record 9.7 million barrels per day...
Read more »
Opec, Russia extend record oil cuts to end of July | Malay MailMOSCOW, June 6 — Opec, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10 per cent of global supplies from the market. The group, known as Opec+,...
Read more »
Virus deaths approach 400,000 as oil producers extend output cuts | Malay MailPARIS, June 7 — The global death toll from the coronavirus neared 400,000 yesterday with fatalities accelerating in Latin America, as oil-producing countries agreed to extend output cuts to offset a collapse in prices caused by the pandemic and lockdowns. Brazil has the world's third-highest...
Read more »
Mexico won’t extend oil output cut agreed to by Opec | The Malaysian InsightPresident warns it cannot adjust production further, will stick to April agreement.
Read more »