Short-term crisis measures announced by Caribbean Airlines

Caribbean Airlines has announced temporary measures to support its recovery by streamlining expenses and managing cash. The airline is initiating a reduction in salary for a period of eight months from mid-October 2020 for those paid more than $7500 (TTD) per month, with reductions tiered to be higher for those on higher remuneration. The airline will also temporarily layoff one third of its employees for three months, which will be dependent on their role and the needs of the business. The company is also reducing contractors and temporary workers and other allowances that are not relevant. “Caribbean Airlines assures all