Early parcel tax debut ravages air cargo volumes at Vatry

AI Summary

The early implementation of an EU parcel tax in France has led to a dramatic 65% decline in air cargo volumes at Vatry Airport. The airport's management is responding with a restructuring plan, including layoffs, aiming to avoid closure amidst financial pressures.

The premature introduction in France of an EU-wide tax on small parcels from ecommerce marketplaces such as Shein, Temu, and AliExpress, has prompted a 65% drop in Vatry Airport’s cargo volumes in just ten weeks. And to stave off the threat of closure, a restructuring plan, which includes redundancies and a reduction in airport opening hours, has been drawn up. Seventeen of Vatry’s 97-strong workforce are to lose their jobs, operations will ... The post Early parcel tax debut ravages air cargo volumes at Vatry appeared first on The Loadstar.