Finnair will lay off 120 employees as part of an effort to save €25 million ($33 million) in personnel expenses. It said it will achieve the remainder of the targeted savings through furloughs and the scheduled upcoming conclusion of 400 fixed-term contracts. Senior VP-Human Resources Anssi Komulainen said the layoffs will be "widely applied" and "arranged so as to minimize disruption to the flight program." Finnair said it offered employee representatives a 5% temporary pay cut, the ...

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