KLM pilots agreed on Tuesday the salary reduction requested by the Government, in exchange for the financial assistance package of 3.4 billion euros, Reuters reports.
In June, the Dutch government announced it would provide KLM a 3.4 billion euros to help it survive the coronavirus pandemic (COVID-19).
The package consists of 2.4 billion euros in guaranteed bank loans and one billion euros in direct credit, said Dutch Finance Minister Wopke Hoekstra.
Earlier, the KLM pilots’ union agreed to reduce salaries until March 2022, but the government has demanded guarantees that salaries will be frozen for another three years.
Initially, the pilots refused and this decision could have led the Executive to stop providing financial assistance. However, an agreement was reached on Tuesday between the management and the KLM pilots’ union.
