Vatry Airport Air Cargo Volumes Plummet 65% Due to Early Parcel Tax Implementation
Vatry Airport in France has experienced a 65% reduction in air cargo volumes over ten weeks following France's early implementation of an EU-wide tax on small e-commerce parcels. This sharp decline has led to a restructuring plan, including job cuts and reduced operating hours…
Vatry Airport (LFOK) in France has seen a significant 65% decrease in its air cargo volumes within a mere ten-week period. This sharp decline is attributed to France's premature introduction of a new EU-wide tax targeting small parcels originating from major e-commerce platforms like Shein, Temu, and AliExpress. The tax, intended for broader EU implementation, was brought into effect early by the French government.
In response to this severe reduction in business and to mitigate the risk of potential closure, Vatry Airport has initiated a comprehensive restructuring plan. This plan involves several cost-cutting measures, including workforce reductions, with 17 out of 97 employees facing redundancy. Additionally, the airport will implement reduced operating hours to further streamline expenses and adapt to the lower cargo throughput.