Only a month after landing in his role with Air New Zealand, new CEO Greg Foran is already talking about job cuts.
The company has announced Foran is taking a voluntary pay cut of around $250,000 among other measures to try and cope with the financial impact of the deadly coronavirus outbreak.
He said job losses are not off the table
Newshub reports the airline has already cut 10 percent of all its flights due to the COVID-19 outbreak.
Foran said opting to reduce his $1.65 million salary shows he's committed to doing what needs to be done for Air NZ.
Air NZ has reduced its capacity on flights to Asia by 26 percent until the end of June, including an extension of Shanghai route suspension through until April.
[Source: Newshub]
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