LTU owner Hans Rudolf Woehrl does not see much likelihood that the troubled leisure airline will achieve a breakeven operating result this year after he was unable to reach agreement with the carrier's unions on wage cuts he proposed. He is seeking to reduce costs by €45 million ($57.3 million), including €15 million in salary cuts (ATWOnline, June 12). According to Die Welt, Woehrl has not ruled out layoffs as a way to lower costs. Insiders believe that with 2,800 employees, LTU ...

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