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 ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.