The Air France-KLM group is having serious problems in making any profits with bad news beginning to mount up.
Air France pilots went on a two-week strike which shut down both passenger and freighter flights. The combined Air France-KLM Cargo has just announced another quarterly loss.
And now KLM is busy trying to cut the equivalent of R61.6 billion in outstanding debt by cutting costs.
And part of this is a plan to cut its workforce by 25% - or 7 500 jobs – with much of this by outsourcing.
Source: Algemeen Dagblad
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