EUROPE & CIS: Air France-KLM may cut work hours
Air France-KLM may resort to several measures at the end of the summer, including reduced working hours, for the first time in its history to deal with the slump in demand, the airlineÃ¢â‚¬™s head said in an interview with Le Figaro newspaper, according to Reuters. Ã¢â‚¬Å“We donÃ¢â‚¬™t see the slightest bright spot. The reduction in […]
August 1, 2009
Ã¢â‚¬Å“We donÃ¢â‚¬™t see the slightest bright spot. The reduction in demand in cargo is brutal. The drop is also very large for high-spending customers,Ã¢â‚¬Â Air France chief executive Pierre-Henri Gourgeon was quoted as saying. Ã¢â‚¬Å“ItÃ¢â‚¬™s complicated to put in place as we canÃ¢â‚¬™t halt flights for one week every month, unlike the car industry,Ã¢â‚¬Â he added. Ã¢â‚¬Å“If employees are not asked to voluntarily give up one month of salary, like with British Airways, then Air France employees have been told that their profit-sharing rewards will be reduced, on average, to around Ã¢â€šÂ¬80 this year from Ã¢â€šÂ¬1,300 last year,Ã¢â‚¬Â Gourgeon added.