Thursday, August 1, 2013

Air France to cut 2,500 jobs

A spokesman said the proposed cuts would be made without forced redundancies, saying the exact amount "will be discussed and quantified with unions this fall. It could be a little more than half of the redundancies identified in 2012."

The measure is part of a major restructuring drive called Transform 2015, which has already seen more than 5,000 employees take voluntary redundancy.

The group last week announced net losses of ?793m for the first half of 2013, against wider losses of ?1.27bn in the first half of last year.

Chief executive Alexandre de Juniac at the time welcomed improving results, but warned that further measures would be adopted to reduce costs, including staffing cuts.

(Edited by Andrew Trotman)

Source: http://telegraph.feedsportal.com/c/32726/f/568300/s/2f655e0a/sc/25/l/0L0Stelegraph0O0Cfinance0Cnewsbysector0Ctransport0C10A2147880CAir0EFrance0Eto0Ecut0E250A0A0Ejobs0Bhtml/story01.htm

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