23 Jun 2012

Jobs to be cut by airline

9:10 am on 23 June 2012

Air France is to cut more than 5000 jobs by the end of 2013 in an attempt to reduce costs and return to growth. The figure represents almost 10% of the total workforce of 53,000.

Air France says it is hoping to avoid compulsory redundancies through natural turnover and voluntary redundancies.

The company estimates some 1700 jobs could be lost through natural turnover.

Air France-KLM posted a loss of 809 million euros for 2011 and a first quarter net loss in 2012 of 368 million euros.