Austrian Airlines Group plans to reduce its workforce by 350, including 80 pilots, and lease out two A340-300s and three F70s after several weeks of talks with the Betriebsrat union concerning the introduction of more flexible work rules did not produce a deal. "Now it is time to react," CEO Alfred Oetsch said at a news conference yesterday. "We plan to do this without layoffs, but I cannot rule that out." Savings as a result of the move should reach double-digit million euros. The airline ...

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