Air France-KLM to cut 5000 jobs

Air France-KLM to cut 5,000 jobs
Posted: 21 May 2012 1752 hrs

PARIS: Air France-KLM, a struggling Franco-Dutch airline group, is looking to cut 5,000 jobs over 3 years, with about half by intentional payoffs, French daily Le Figaro reported on Monday.

According to a newspaper, Air France-KLM government is counting on 800 people withdrawal a association by normal attrition, though will also open a intentional buyout offer for all personnel, including pilots.

Another French news media, La Tribune.fr, pronounced a buyout offer would impact 2,500 to 3,000 jobs.

However an Air France-KLM orator pronounced negotiations with work unions to find ways to revoke costs were still underneath approach and no proclamation on jobs was approaching until a finish of June.

“The mercantile conditions during Air France is worrying, particularly since of a poignant miss of competition,” a orator told AFP.

“But a remodel devise dictated to recover foe by 2015 continues during government turn as good as with a workman member government is now in discussion.”

On Thursday Air France-KLM arch executive Alexandre de Juniac is due to news swell done on a three-year turnaround devise announced in January.

The cost-cutting plan, including salary freezes and investment reductions, aims during saving during slightest dual billion euros ($2.6 billion) and shortening debt.

Air France-KLM aims to revoke a net debt by dual billion euros to about 4.5 billion euros by a finish of 2014.

- AFP/de

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