Business

The largest airline in Latin America, Latam offers an early retirement plan to its employees

The offer is valid for Chile, but not for Brazil. In March, the company's employees accepted a temporary salary reduction

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  • The plan also offers airline tickets as part of the payment;
  • Latam Airlines is also offering its collaborators an unpaid license for 6 or 12 months.

According to Diario Financiero, La Tercera e La República, the largest airline company in Latin America Latam is offering a voluntary retirement plan to its employees in Chile. The company told LABS that the mentioned plan does not apply to Brazil.

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On Friday afternoon, reports Diario Financiero, a voluntary retirement plan was distributed to the workers of Latam Airlines in Chile. The plan is divided into three segments according to the employee’s years of service to the company. The employees can decide on whether or not accepted the offer until May 5th. On May 7th, the results will be announced. For all three cases, the plan also offers airline tickets as part of the payment.

In Chile, Latam Airlines is also offering its collaborators an unpaid license for 6 or 12 months.

In March, Latam employees in Chile and Brazil accepted a 50% temporary (until June) salary reduction proposal (in the case of pilots and flight attendants, the cut reaches 80%).

In Brazil, Latam developed a plan for maintaining the business with minimal impact on people, with a primary focus on preserving employee jobs. “In this sense, the company, after union approval, has implemented since April 1st unpaid leave of its employees, ensuring part-time work, preserving positions and shielding salary reductions for employees with remuneration of up to two thousand Reais. In addition, the company maintained benefits such as health insurance, meal vouchers, and food vouchers”, says the company in a statement sent to LABS.

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The airline reduced the number of flights to 95% in April and maintained the reduction for May.

Latam Airlines was born in 2015, after the merger of Chilean LAN and Brazilian TAM, and operates 145 destinations in 26 countries.