According to a report by Trend magazine, the airline company Tyrolean Jet Services was hit hard by the corona crisis and is reducing its workforce. A spokesman for the owner Swarovski confirmed the measure to the medium.

TJS currently employs around 60 people. Of these, around 30 are to be terminated. Those affected were informed of the move on Monday and Tuesday. A Swarovski spokesman gave the following reasons for Trend: "The crisis has changed the conditions dramatically".

The extent to which the fleet will be reduced and whether investments such as TJS 'own personnel leasing, the flight school or the catering subsidiary will also be reduced is currently still the subject of analyzes, according to the company. According to the latest information, TJS operated five aircraft, including two Cessna Citation VIIs.

However, according to trend research, the airline, founded in 1958, was already making losses before the Corona year 2020. The balance sheet at the end of December 2020 shows a cumulative loss of 7,5 million euros; in 2020 alone it was 2,4 million euros. TJS justifies the losses in the years before 2020 with investments due to growth ambitions.

Now, however, there is dramatically "less internal and external flight requirements." The crystal company, known in the past for its particularly high social standards, asserts that "the management and the owner families are doing essentials" to make all cuts as socially acceptable as possible. This includes a comprehensive safety package, work foundation and coaching.