27099
Air France May Cut Jobs, Flights
World Economy

Air France May Cut Jobs, Flights

Air France on Friday unveiled details of its alternative restructuring plan, including 2,900 job cuts, retiring 14 long-haul planes and reducing flights, union officials said.
Air France-KLM’s management on Thursday gave a green light to an alternative restructuring plan after negotiations with its pilots’ union on a cost savings plan failed, France24 reported.
“The number of jobs eliminated will be 300 pilots, 700 flight attendants and 1,900 ground personnel,” one union official said.
It could amount to the first forced departures of staff in the history of the former national airline, in which the state still holds a 17.6% stake.
Another source on the airline group’s board, which was meeting Friday, said the 2,900 figure had been presented as an estimate of overstaffing in 2017.
“These points were presented to the board for information, but no vote has been taken,” added Didier Dague of the FO union.
Didier Fauverte of the CGT union said Air France’s restructuring plan would also include retiring five long-haul planes next summer and nine others in 2017.
The plan will also include “a reduction in the frequency and capacity” of certain destinations on the long-haul network, half of which are currently loss-making according to management, he said.
Air France has indicated for several weeks that it would reduce its long-haul flights by 10% if talks with the pilots’ unions failed.
At the end of June, the long-haul fleet consisted of 107 aircraft.

 

Short URL : https://goo.gl/MMBjfS
  1. https://goo.gl/hvVaou
  • https://goo.gl/IY5SBl
  • https://goo.gl/LO7tYT
  • https://goo.gl/EB4ySN

You can also read ...

India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...
Lloyds Loses Mortgage Market Share
Lloyds lost market share in UK mortgages last year as Royal...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...
ECB Research Says Stimulus Didn’t Favor the Rich
New research published by the European Central Bank pushes...

Trending

Googleplus