European Commission approves € 3.4 billion in state aid for the KLM

The European Commission (EC) has approved the proposed state aid to the value of € 3.4 billion for the US. That the report of the executive committee of the European Union on Monday.

as of the End of June, it was announced that KLM has an agreement been reached with the Dutch state on an miljardensteunpakket. KLM will receive an immediate loan from the State of € 1 billion, and the government is the guarantor for a loan from a syndicate of commercial banks with a volume of € 2.4 billion.

With the support of the government, a number of conditions, including the reduction of costs by 15%. This is achieved through the workforce reduction, and a large portion of the salaries and wages to be lower.

KLM royal Dutch airlines staff had to be on Sunday is the time to sign up for a voluntary retirement scheme. At the end of this month, the company will have the outline for the plan of reorganization, including the completion, in October, all the way it should be.

According to the EC-KLM plays a key role in the Dutch economy, both in terms of employment, as well as with the network.