Austrian Airlines To Cut EUR200 Million In Costs By 2012
July 02 2009 - 11:38AM
Dow Jones News
Austria's flag ship carrier Austrian Airlines AG (AUA.VI)
Thursday said that around 1,000 jobs will be cut by mid 2010, as
the carrier plans to improve earnings by EUR200 million by
2012.
The company said that measures will also include layoffs.
"Reaching these goals is made more difficult by the economic
crisis .... but that also shows that a restructuring of the company
is imperative," said Austrian Airlines board members Andreas
Bierwirth and Peter Malanik.
Company Web site: www.austrian.com
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