Air France – 5,000 jobs to be cut by 2013

French airline Air France has announced it is to cut more than 5,000 jobs by the end of 2013 in an attempt to reduce costs and return to growth.

The figure represents just under 10% of the total workforce of 53,000.

The job cuts form part of a restructuring plan to restore profitability, in the face of increased competition and soaring fuel costs.

Air France says it is hoping to avoid compulsory redundancies through natural turnover and voluntary redundancies.

The company estimates some 1,700 jobs could be lost through natural turnover…

Source: BBC News – Air France to cut 5,000 jobs by the end of 2013.