Austrian Airlines Group yesterday said it agreed with all works councils to reduce personnel expenses by 5% from 2010 to 2015, saving the company €150 million ($209.6 million). "The details of the package are rapidly being negotiated by the social partners. It will not include any extra job cuts beyond the 1,000 posts already announced," AAG said (ATWOnline, July 3).
Subscribe to Access this Entire Article
"Austrian to save €150 million on personnel" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.