Dufry to cut personnel expenses by up to 35% as part of global restructure

By Luke Barras-hill |

Top-10-operators-2018-WDF-leadDF&TR giant Dufry Group has announced today (24 June) a global restructuring programme in a further attempt to mitigate against damage caused by the coronavirus (Covid-19) pandemic.

In line with its existing cost reduction activities, Dufry will cut staff expenses by 20-35% to reflect anticipated sales decline scenarios of between 40-70%.

The restructuring measures are due to come into force between June to October.

“The reduction in personnel expenses includes early retirements, hold-backs of seasonal staff employment, contributions from government support schemes as well as the reduction of positions across all organisational levels and geographies,” said Dufry in a statement.

The company did not provide further details on the number and locations of positions concerned ‘due to consultation procedures in several countries’.

Earlier this month, Dufry announced a new organisational structure to take effect from 1 September.

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