JAL to cut 14% of workforce
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Japan Airlines Corp (JAL) will cut 6,800 jobs, or 14% of its workforce, by 2011 as the carrier plans to cut routes and frequencies. According to a Bloomberg report, President Haruka Nishimatsu told journalists in Tokyo yesterday that the job cuts will start this year. The job cuts will include early retirements.
The carrier is aiming to complete talks on a tie-up with a foreign carrier by mid-October, Nishimatsu added, without specifying any partner. Delta Air Lines, American Airlines and Air France-KLM are all thought to be interested in buying a stake in the carrier. According to Bloomberg data, JAL had 48,790 employees as of 30 June 2009. The carrier has forecast a full-year loss of JPY63 billion (US$695 million).
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