JAPAN AIRLINES TO CUT 6,800 JOBS !
Japan Airlines (JAL) plans to cut 6,800 jobs and pursue a tie-up with an international carrier.
"The personnel reduction cannot wait," said JAL president Haruka Nishimatsu.
Media reports have said several US and European airlines are in the running to take a stake in the loss-making carrier.
Mr Nishimatsu said JAL, which lost more than one billion dollars in the April-June quarter, will have a deal in place by the middle of October.
The airline had already launched a programme of job cuts, plans for fuel-efficiency and a focus on business customers.
Reports this week have suggested that Delta Airlines and American Airlines are in talks to invest in JAL to expand into Asia via code-sharing agreements.
On Tuesday, another report said Air France-KLM joined those discussions. Each is discussing an investment of as much as $300m (£181m), the reports said.
Shares in JAL dropped 3.4%, after climbed nearly 8% on Monday.
"The personnel reduction cannot wait," said JAL president Haruka Nishimatsu.
Media reports have said several US and European airlines are in the running to take a stake in the loss-making carrier.
Mr Nishimatsu said JAL, which lost more than one billion dollars in the April-June quarter, will have a deal in place by the middle of October.
The airline had already launched a programme of job cuts, plans for fuel-efficiency and a focus on business customers.
Reports this week have suggested that Delta Airlines and American Airlines are in talks to invest in JAL to expand into Asia via code-sharing agreements.
On Tuesday, another report said Air France-KLM joined those discussions. Each is discussing an investment of as much as $300m (£181m), the reports said.
Shares in JAL dropped 3.4%, after climbed nearly 8% on Monday.
BBC NEWS REPORT.
Labels: Japan Airlines JAL Jobs Air-France KLM Shares Asia Loss Deal
posted by jackaranda at 1:52 pm
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