YUL Lays Off 30% Of Workforce, Pauses Most Projects

CanadianPress

YUL will eliminate 172 positions – or around 30% of its workforce – in addition to putting all projects that don’t concern “asset integrity” on hold as the COVID-19 crisis continues to paralyze the commercial airline sector. YUL expects pax traffic to drop 71% from last year, which will translate to a loss of revenue estimated at around $500 million compared to what was anticipated.

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