International routes axed
The loss making Japanese Airlines (JAL) has announced 6,800 job cuts, 14% of its 48,000-strong workforce.
The airline also said it planned to axe international routes and withdraw from some airports to reduce its costs.
Its new plan also calls for pay and pension cuts.
The moves come as JAL continued talks with American Airlines and Delta Air Lines over an equity investment of about $300m.
Reuters has also reported that Air France is also talking to the Japanese carrier.
JAL's president Haruka Nishimatsu, who confirmed the talks with American and Delta, said it would make a choice between possible investors by mid-October.
There has been no confirmation of the talks with AF.
The re-structuring plan is aimed at returning Asia's largest carrier in terms of revenue to profit.
The airline lost $692m last year and announced a $1bn loss for the quarter to June this year.
It is heading for a deficit of $700m for the financial year ending next March.
Mr Nishimatsu was reported to confirm that JAL would probably pick between American and Delta although he added that this was based on the likelihood of an Open Skies agreement between Japan and the US.
Talks on this are also continuing.
JAL is a fellow member of the oneworld alliance with American.
If it opted for Delta, it is likely that the carrier would switch to the SkyTeam alliance to which Delta belongs.
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