Don't miss

Replay


LATEST SHOWS

ENCORE!

Cannes 2017: Al Gore 'The modern climate movement was launched here'

Read more

MEDIAWATCH

Manchester, United

Read more

ENCORE!

TV series 'Top of the Lake: China Girl' screened at Cannes

Read more

FOCUS

A lifeline for women facing domestic violence in Pakistan

Read more

ACCESS ASIA

Afghanistan's new TV channel by and for women

Read more

EYE ON AFRICA

Former minister accused of role in murder of two UN investigators in DR Congo

Read more

IN THE PAPERS

'Murder in Manchester': Press reacts to Arena terror attack

Read more

ENCORE!

Cannes 2017: Naomi Campbell hosts 'Fashion For Relief'

Read more

MEDIAWATCH

Trump's visit to Israel in key images

Read more

Business

Japan Airlines considering further job cuts

Text by NEWS WIRES

Latest update : 2009-08-24

Japan's main carrier, Japan Airlines, could cut as many as 5,000 jobs by 2012, local media say. The cash-strapped company has forecast a loss of 660 million dollars in the year to March 2010.

AFP - Cash-strapped Japan Airlines is considering cutting about 5,000 employees, or 10 percent of its group workforce, by March 2012, Kyodo News reported Monday.
  
Kyodo, quoting industry sources, said the cuts may be implemented through attrition and steps such as encouraging early retirement.
  
The report could not be immediately confirmed with Asia's biggest carrier.
  
On August 7, JAL announced drastic cuts to its flight services as it braces for a second straight year in the red amid a slump in demand, particularly from business travellers, caused by the global downturn.
  
JAL, which has announced more than 11,000 job cuts since 2005, forecast a loss of 63 billion yen (660 million dollars) in the year to March 2010, after a 63.2-billion-yen deficit last year.

Date created : 2009-08-24

COMMENT(S)