BOSTON — Massport is laying off 25% of its workforce due to financial struggles caused by the coronavirus pandemic.
The company operates Boston Logan International Airport, Flynn Cruiseport Boston, Conley Terminal, Worcester Regional Airport, and Hanscom Field.
On Thursday, the Massport Board approved a financial sustainability workforce plan to address a $400 million budget problem. The plan is a part of an overall strategy to tackle the debt.
The pandemic has reduced the number of people traveling through the facilities and limited revenue.
With the challenging new position, Massport has taken a number of steps to dramatically reduce operating expenses and the capital budget.
While we continue to advocate for further CARES Act funding, and explore other revenue sources and financial strategies, the Authority must reduce our workforce by approximately 25 percent to better align staffing levels with business activity.— Jennifer Mehigan - Massport Director of Media Relations
The plan includes four programs for employees including voluntary retirement for union employees, voluntary separation for administrative employees, involuntary separation for administrative employees, and a furlough program for all remaining administrative staff.
According to a statement from the company, the goal of the programs is to be “as fair and equitable as possible to our hard-working staff during these trying times.”
And although the aviation industry is not expected to fully recover for a number of years, we know Logan Airport is resilient.— Jennifer Mehigan - Massport Director of Media Relations