Japan Airlines is not commenting on reports in the Japanese media that it will seek ¥250 billion ($2.78 billion) in debt forgiveness from its creditors and increase its planned job cuts to 9,000.
Japan Airlines is not commenting on reports in the Japanese media that it will seek ¥250 billion ($2.78 billion) in debt forgiveness from its creditors and increase its planned job cuts to 9,000. The country's new Democratic Party of Japan-led government, which took office last month, has expressed misgivings about JAL's restructuring plan, which calls for cutting 14% of its workforce, or nearly 6,800 jobs, over the next three years while eliminating 50 routes, with a heavy emphasis on ...
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