Air France to cut 5,000 jobs by the end of 2013
15:27 • 21.06.12

French airline Air France has announced it is to cut more than 5,000 jobs by the end of 2013 in an attempt to reduce costs and return to growth, BBC reports.
The figure represents just under 10% of the total workforce of 53,000.
The job cuts form part of a restructuring plan to restore profitability, in the face of increased competition and soaring fuel costs.
Air France says it is hoping to avoid compulsory redundancies through natural turnover and voluntary redundancies.
The company estimates some 1,700 jobs could be lost through natural turnover.
Air France, one component of the French-Dutch air carrier Air France-KLM and the first air carrier in Europe, launched a major cost-saving programme, Transform 2015, earlier this year, after posting a loss of 809m euros (£653m) for 2011 and a first quarter net loss in 2012 of 368m euros.
Shares in Air France-KLM shot up by 6% after the job cuts announcement, the AFP news agency reports.
LATEST NEWS • All Today news
21:25 • 21/05
Syrian opposition, government preparing for peace talks - mediator
20:54 • 21/05
Armenian Football Federation president arrived at Vahe Avetyan murder trial
20:53 • 21/05
French writer commits suicide Notre Dame Cathedral
20:42 • 21/05
Armenian NA vice-speaker responds to critics
19:55 • 21/05
19:19 • 21/05
Armenia’s people need to unite for effective struggle – opposition MP
18:56 • 21/05
Re-appointment of Tigran Sargsyan disrespect for public – MP
18:33 • 21/05
Armenian National Congress not setter of rules - MP
18:23 • 21/05
Armenian president addresses telegram of condolences to U.S. counterpart
17:50 • 21/05
Georgia’s ex Interior Minister Vano Merabishvili arrested
17:20 • 21/05
MP offers to declare Armavir province disaster zone
17:11 • 21/05
16:52 • 21/05
Azerbaijan hopes stagnation in Karabakh conflict settlement process to be overcome
16:19 • 21/05
Syria and Israel in exchange of fire
15:55 • 21/05
If dead people vote, why can’t they get pensions – ARF-D MP on Vazgen Khachikyan’s case
15:47 • 21/05
Armenian farmers concerned over expected gas price rise
15:45 • 21/05
Cuban ambassador to Armenia presents credentials to Armenian president
15:26 • 21/05
ANC MP speaks about trust toward government
14:58 • 21/05
Apple remains No.1 in the BrandZ Top 100 Most Valuable Global Brands
14:40 • 21/05
Armenia’s prosecutor-general ‘a swindler’ – Armenian MP
14:39 • 21/05
Ethics Commission refutes statement on State Revenue Committee head ‘illegal business activities’
14:34 • 21/05
Pakistan's answer to electricity shortages: don't wear socks
14:03 • 21/05
Armenia’s finance ministry denies press subscription cut plan
14:02 • 21/05
ANC MP speaks against government’s program
13:46 • 21/05
Government subsidy no solution to increased gas tarriffs
13:01 • 21/05
Armenia’s PM receives Estonia’s Justice Minister
12:58 • 21/05
Armenian FM starts visit to UK
12:50 • 21/05
Dubai-style island off coast of Barcelona provokes dismay
12:42 • 21/05
Armenia’s agriculture suffers $35-40 million harm this year - Hrach Berberyan
12:02 • 21/05
Gas tariff growth to cause final elimination of woodlands in Armenia – environmentalists
11:44 • 21/05
Jehovah’s Witnesses faced discrimination in Armenia, says US Dep. of State report
11:11 • 21/05
‘Sunshine vitamin’ may treat asthma
11:05 • 21/05
Eurovision: Azerbaijan probes Russian 'nul points'
10:54 • 21/05
Man, 78, killed in run over accident in Armenia’s capital
10:53 • 21/05
Heavy win damages roofs in Armenia’s Syunik
10:42 • 21/05
Donetsk’s Shakhtar interested in Brazilian soccer star
10:22 • 21/05
'Cleopatra,' 'Last Emperor' see new lift in Cannes
10:02 • 21/05
Guatemala highest court overturns ex-dictator's Genocide conviction
09:50 • 21/05
Doors co-founder Ray Manzarek dies at 74 in Germany
09:45 • 21/05
Haykakan Zhamanak: Armenian defense minister sees no reasons to quit
09:35 • 21/05
Apple 'among largest tax avoiders in US' - Senate committee
09:21 • 21/05
Jose Mourinho: Real Madrid boss to leave next month
09:07 • 21/05
Obama to visit Russia in September
08:56 • 21/05
Ex-Nokia team makes rival smartphone
08:43 • 21/05
Hraparak: New finance mnister orders cuts in press subscription
08:31 • 21/05
Azerbaijan, Spain ink $4.8 bn Turkish refinery deal
08:23 • 21/05
Dozens killed in Oklahoma Tornado
23:09 • 20/05
Eurovision Song Contest 2013: Dorians band’s performance at excellent – Armenian singer
Most popular articles
23:09 • 20/05
Eurovision Song Contest 2013: Dorians band’s performance at excellent – Armenian singer
11:05 • 21/05
Eurovision: Azerbaijan probes Russian 'nul points'
08:31 • 21/05
Azerbaijan, Spain ink $4.8 bn Turkish refinery deal
09:07 • 21/05
Obama to visit Russia in September
10:54 • 21/05
Man, 78, killed in run over accident in Armenia’s capital
12:42 • 21/05
Armenia’s agriculture suffers $35-40 million harm this year - Hrach Berberyan
12:02 • 21/05
Gas tariff growth to cause final elimination of woodlands in Armenia – environmentalists
12:58 • 21/05
Armenian FM starts visit to UK
11:44 • 21/05
Jehovah’s Witnesses faced discrimination in Armenia, says US Dep. of State report
10:53 • 21/05



















