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September 2022, Virtual
September 29 2022, Virtual
Air France is planning to cut another 2,800 jobs as part of its ongoing restructuring and cost-cutting programme.
The carrier, which is part of the Air France KLM group, said in an update today (September 18) that the cuts were necessary as part of its ‘Transform 2015’ restructuring plan.
Air France, which has a workforce of around 69,000 people, announced job reductions of 5,100 employees last year as the company looks to reduce its debts by €2 billion to to €4.5 billion by 2015.
The airline is also planning to further reduce capacity on its short and medium-haul routes from Orly and its regional bases, while services by the group's Dutch-based no-frills subsidiary Transavia will increase.
“The additional measures will focus on capacity adjustment, cost reduction and increased competitiveness across the group,” said the airline in a statement.
Air France chief executive Frederic Gagey told a press conference: “We are in a period of weak demand. We have felt the full brunt of the cyclicality of air transport”
The airline is to outline its latest plans for job cuts at a meeting of its Central Works Council on October 4.