Air France to cut 4,400 jobs by 2013
June 25th, 2010 - 7:13 am ICT by IANSParis, June 25 (IANS) Air France will lay off its 4,391 employees by March 2013, French business daily La Tribune reported Thursday.
Based on a work committee report of the company, jobs would be reduced in three phases - 2,436 jobs will be cut in 2010-2011, 834 in 2011-2012 and 1,121 staff will be laid off in 2012-2013, Xinhua reported citing the daily.
The cut will reduce the workforce of the airliner by 16.3 percent as compared the number of employees in March 2008 before the global economic crisis.
The company also plans to shed off 9,321 jobs over the next five years by freezing fresh recruitment and non-replacement of retiring staff, the report said.
The Air France-KLM joint venture suffered a net loss of 1.56 billion euros ($1.92 billion) during the year 2009- 2010, after a loss of 811 million euros ($1.002 billion) in 2008-09.
- Air France-KLM plans to cut costs to boost profitability - Jan 13, 2012
- Air France-KLM CEO Pierre-Henri Gourgeon resigns - Oct 18, 2011
- Britain unveils annual budget - Mar 21, 2012
- UNESCO creates fund to overcome US-induced shortfall - Nov 11, 2011
- Revenue surplus interim budget for Tamil Nadu - Feb 05, 2011
- India and Germany ink cultural accord, push UN reforms - Oct 18, 2010
- German budget deficit in 2011 lower than expected - Jan 13, 2012
- UNESCO suspends all projects till year-end - Nov 12, 2011
- Facts about France - Apr 22, 2012
- Air France-KLM and Delta form transatlantic joint venture - May 20, 2009
- Nokia to reduce worldwide workforce by 4,000 - Apr 27, 2011
- Governor Paterson releases amendments Executive Budget - Feb 10, 2010
- HSBC to cut 25,000 jobs by 2013 - Aug 02, 2011
- Air France-KLM to slash up to 3,000 jobs - Apr 15, 2009
- Tripura raises salaries of rural job scheme staff - May 18, 2012
Tags: air france, airliner, business daily, committee report, french business, global economic crisis, jobs, joint venture, klm, next five years, paris, recruitment, work committee, workforce, xinhua