Germany’s second-largest carrier, Air Berlin, has said it would cut about one-tenth of its workforce to become profitable again. The airline is in the middle of a restructuring program to reduce overall costs.
Germany’s Air Berlin announced on Tuesday it would cut 900 jobs by the end of 2014 to help make the struggling carrier profitable again.
Currently, the nation’s second-largest airline employs 9,300 people, meaning the planned layoffs would affect about every tenth worker in the company. Air Berlin said the workforce reduction would be part of its current austerity program called “Turbine”.
The carrier stated that it intended to save some 400 million euros ($534 million) over the next two years in a bid to enhance profitability in a fiercely contested market.
Choosen excerpts by Job Market Monitor from