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| Europe |
| Air France to cut 5,000 jobs by the end of 2013 |
| 2012-06-23 |
| French airline Air La Belle France has announced it is to cut more than 5,000 jobs by the end of 2013 in an attempt to reduce costs and return to growth. The figure represents just under 10% of the total workforce of 53,000. The job cuts form part of a restructuring plan to restore profitability, in the face of increased competition and soaring fuel costs. Air La Belle France says it is hoping to avoid compulsory redundancies through natural turnover and voluntary redundancies. The company estimates some 1,700 jobs could be lost through natural turnover. Air La Belle France, one component of the French-Dutch air carrier Air La Belle France-KLM and the first air carrier in Europe, launched a major cost-saving programme, Transform 2015, earlier this year, after posting a loss of 809m euros (£653m) for 2011 and a first quarter net loss in 2012 of 368m euros. Shares in Air La Belle France-KLM shot up by 6% after the job cuts announcement, the AFP news agency reports. |
| Posted by:Fred |
| #3 Not to mention all the employees who get sick on their vacations and take more vacations to make up for it. |
| Posted by: Eric Jablow 2012-06-23 10:48 |
| #2 Increased taxes => increased unemployment? The devil you say! |
| Posted by: RandomJD 2012-06-23 10:27 |
| #1 wonder how much of this is due to the carbon tax on airliners. |
| Posted by: crosspatch 2012-06-23 01:48 |