Friday, 04 May 2012 02:12

Lufthansa to cut 3,500 jobs to reduce costs

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"German airline Lufthansa is to cut 3,500 jobs as it seeks to cut its administrative costs by a quarter.

The airline will cut those full-time jobs in administrative departments worldwide over the next few years.

The news came as its loss narrowed to 379m euros ($498m; £308m) in the first quarter, from a loss of 507m euros in same period of 2011."

BBC News article

 

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