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Tuesday, 20 December 2016

Gulf airline giants face job cuts as growth slows | Reuters

Gulf airline giants face job cuts as growth slows | Reuters:
"Emirates [EMIRA.UL], the world's biggest long-haul airline, and Abu Dhabi's Etihad Airways are reviewing their workforce as overcapacity and a stronger dollar put pressure on earnings.

The cutbacks show how the Gulf airlines' rapid expansion of the past few years is slowing down against a more challenging economic backdrop.

Dubai-based Emirates has offered redundancies to staff working in accounting, finance, IT and other departments in its head-office, sources familiar with the matter told Reuters. The airline did not immediately respond to requests for comment."

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