Air France-KLM shares on the stock exchange lose over 12 percent. Quotations of the French-Dutch aviation holding are falling after information about the president’s resignation.
On Monday, May 7 at 10 one Air France-KLM share costs 7.01 euros. Thus, they have gone down to the lowest levels in more than a year. Before hours The 13 fall in quotations was above 10%.
Jean-Marc Janaillac announced his resignation from the post of president, because he failed to reach an agreement with striking Air France-KLM crews. They are demanding a 5.1 percent increase. this year. Meanwhile, the agreement assumed a 7% increase in wages, but within four years, including 2%. growth.
As reported by Air France-KLM in a statement, from April 26 to May 4 this year. over 46.77 thousand Air France employees commented on the proposed pay agreement. “With a turnout of 80.33 percent in these consultations, 55.44 percent of employees said” no. ”
“As Jean-Marc Janillac announced, he will draw personal conclusions from the results of these consultations and on 9 May he will meet with the management boards of Air France-KLM and Air France and resign,” they wrote.
At the same time, board members gave Janillac full support and officially asked him to fulfill his duties until May 15. “They express deep regret over the resignation of the president who led the Group through a period of strategic growth and improvement in financial results,” Air France-KLM said.
Air France calculates the costs of employee strikes
This year, the employees of this carrier have already been struck four times since February 22 this year. for a total of 11 days.
Reuters informs that strikes have cost the company 300 million euros so far, and the next ones are planned for 7 and 8 May.