AIR France yesterday unveiled plans to cut more than 5,000 jobs by the end of next year as part of an effort to slash costs and debt to return to growth in the face of tough market conditions in Europe and political pressure at home.
Air France pledged to try to avoid forced layoffs by encouraging early retirement and other methods. But it warned forced redundancies would be “unavoidable” if unions refused to support its plans.
“Air France is facing a fundamental choice about its future,” said chief executive Alexandre de Juniac.
City A.M. Reporter