Dufry to Cut Staff Expenses by 20-35% Due to COVID-19

Jun 24th, 2020

Jessie Kern

Dufry’s reduction of staff expenses is planned to take place between June 2020 and October 2020.

Dufry’s reduction of staff expenses is planned to take place between June 2020 and October 2020.

Dufry AG has announced a restructuring program with plans to cut staff expenses by 20% to 35% in an effort to mitigate the financial impact of the COVID-19 pandemic, according to an article on MarketWatch.

Previously: Dufry's Q1 2020 Reveals Travel Retail Slowdown

The travel retailer previously forecasted a potential sales decline between 40% and 70%. The reductions, which will take place from June 2020, to October 2020, include reduction of positions, retirements and seasonal staff, according to the article.

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