Here is the article written on March 24, 2020.
Canada’s privately held WestJet Airlines said on Tuesday that 6,900 employees would leave the company, with 90 per cent departing voluntarily. The country’s second-largest carrier had about 14,000 employees before the announcement.
Air Canada reached the agreement as its April schedule was reduced by 80 per cent and the carrier has suspended its leisure service Rouge, the union letter said.
Air Canada shares were up about 20 per cent in afternoon trade, but still down more than 60 per cent this year.
The Air Canada Pilots Association, which represents 4,400 members, said in a statement on Tuesday that the agreement would reduce pay across the group, simplify contract language to allow pilots to retire earlier and provide “for orderly redundancies” up to a maximum of 600 positions in the coming months.
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