Finnair Group on Friday unveiled a cost-cutting plan aimed at achieving annual savings of €80 million as it reported a first-period loss of €3.8 million ($4.8 million), reversing last year's March quarter profit of €12.2 million. Finnair said the "structural change to safeguard the profitability of all parts of the company" will result in elimination of approximately 670 jobs in MRO and administrative support, largely through early retirement and outsourcing. At the same ...

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