Tuesday 15 January 2013

LABOR - Germany's Air Berlin says will cut 900 jobs

Germany's number two airline, Air Berlin, said on Tuesday it would slash about 900 jobs or nearly 10 percent of its workforce in a bid to get back in the black after nearly five years of losses.

The troubled airline unveiled details of what it called its two-year "Turbine" programme extending across all its business divisions and focusing "on its key markets on the basis of a stringent business model".

"'Turbine' has defined initiatives of around 400 million euros ($535 million) by the end of 2014 to achieve a lastingly competitive result," the company said in a statement.
LABOR - Germany's Air Berlin says will cut 900 jobs

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