airBaltic to cut 500‑700 jobs in restructuring
The carrier plans to reduce its workforce by 500 to 700 positions, affecting its bases in Riga, Vilnius and Tallinn, while securing €140 million in funding.
Planned reductions
airBaltic announced that its restructuring will involve cutting between 500 and 700 jobs. The layoffs are expected to affect staff at the airline’s bases in Riga, Vilnius and Tallinn.
The airline currently employs about 3,000 people in the Baltic states.
Funding and timeline
The company has secured approval for €140 million (approximately $157 million) to support the restructuring.
airBaltic said the staff‑reduction plan will be defined by mid‑October and will not affect flight schedules.
Management comments
President and CEO Erno Hildén said the changes will be handled responsibly and that final decisions on individual employees have not yet been made.
The plan also includes a smaller Airbus A220‑300 fleet and closer cooperation with ACMI partners throughout the year.
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