Tuesday, 15th September 2009
In Business In Japan,
Airline announces job losses
Japan Airlines is to cut thousands of jobs and reduce its operating schedule, it has announced.
The firm said that a total of 6,800 jobs will go at the carrier, a number which the company president told reporters is a "significant figure".
As well as the job cuts, the airline is in the process of putting together a join-up deal with an as-yet-unidentified overseas carrier, it has been reported, with some media suggesting that the other party could be Delta Airlines, American Airline's parent company AMR Corp or the Air France KLM Group.
This move is aimed at raising capital, reports said.
Japan Airlines has been struggling to keep afloat during the recession which hit the country and in the second quarter of this year, the firm made a loss of more than $1 billion.
The carrier is also expected to reduce its flight schedule and the Nikkei Business Daily claimed that the flight cuts will be mainly made in China and will see around 20 international flights cut.
Writtn by Susan Ballion.
Related news stories:
Japan Airlines gets bid from consortium (18th September 2009)
Japan Airlines announces US airline deal (13th January 2011)
Japan Airlines 'to take American offer' (9th February 2010)
New management take over Japan Airlines (3rd February 2010)
US carrier makes new offer to Japan Airlines (3rd December 2009)