On Friday afternoon, by email, the company distributed among its workers a voluntary retirement plan and unpaid leave. The announcement is made in the context of the coronavirus pandemic, after which LATAM went into crisis and decided to minimize its operations.
The proposal presented by the company contemplates for unpaid leave a period of between 6 or 12 months, in which the payment of social contributions, health coverage and benefits on flights will be maintained.
On the other hand, voluntary retreats They are divided into three segments, according to the years of seniority, and in all the full compensation for years of service, but the rest of the benefits increase according to the period in which they worked on the airline.
So, in the first category the employees who have been with the company for up to three years. They are offered the payment of health coverage for six months, and they will be able to obtain two airline tickets paying an amount of up to 50% less. In addition to other special discounts on flights.
The second category corresponds to workers with a age between 3 to 10 years. They are also offered payment of health coverage for 6 months; An additional payment is included in the amount of compensation, equivalent to 1.5 salaries. They will have four tickets with a 50% cost and 15 air tickets in which they will only pay the boarding fee. All for a period of 24 months.
Finally, the third strip of employees includes those who have more than 10 years old. For them, the payment of health coverage will extend for twelve months; they will have an additional payment of 3 salaries; and air benefits with six 50% tickets and 25 tickets at the boarding rate. All for a period of 36 months.
According to the company, employees interested in any of the proposals may apply until May 7. At the same time, he informed that the places for voluntary retreats are limited.
Last month, LATAM reported that the reduction in flights due to the coronavirus outbreak caused a strong economic blow to the firm. “Cash availability is complicated because the sale plummeted,” said Rosario Altgelt, CEO of the company.