WOW air Lays Off 111 Employees
One hundred and eleven employees of WOW air have been laid off today, Vísir reports. The employees in question were notified of their termination this morning, according to a press release the airline sent to media. The company says the layoffs are part of major restructuring that is ahead for the airline.
WOW air is also set to reduce their fleet by almost 50%, from 20 to 11 planes. The company will retain only Airbus A321 and A320 jets, suitable for short- and medium-range flights, and will cut New Delhi and Los Angeles from their ininerary on January 20 and January 14, respectively.
WOW air is in talks with US company Indigo Partners about a potential acquisition of the airline. The meetings were reported to be going well last week. Icelandair Group announced they would be acquiring WOW last month, but the deal fell through when it became apparent WOW air would not meet the contract requirements by the chosen deadline.
According to WOW air, after the layoffs have taken effect the company will number close to 1,000 employees. Liv Bergþórsdóttir, Chairperson of the Board at WOW air stated she could not comment on the layoffs at the moment.