Layoffs, furloughs, reduced working weeks and salary reductions are among Carnival Corporation’s proposals to help the firm save "hundreds of millions of dollars" a year to guard against the ongoing impact of the coronavirus pandemic.
The US travel giant, parent to P&O Cruises, Princess Cruises, Holland America Line, Seabourn, and Cunard, on Thursday (14 May) set out its latest cost-saving measures, just two days after Carnival UK confirmed it was consulting with its staff over potential job cuts.
It also comes despite Carnival Corp sourcing an additional $6.4 billion liquidity last month. The group paused operations in March, and has since announced this will continue into the summer season.
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