newstodate.aero
MAR 20, 2003 (newstodate): In a press release, Finnair announces its plan to launch adjustment measures to ensure its financial health.
-On Monday, unions and employees will receive invitations to talks on seeking ways of ensuring cost reductions, says Taneli Hassinen, Finnair Financial Communications.
According to Hassinen, no division or employee groups have yet been singled out and no limits have initially been set for scope of discussions.
According to Hassinen, no plans for eventual cuts in the route network have yet been considered.
-The weak global economy and the long duration of the Iraqi crisis have decreased the demand for air travel. The tense market situation has caused a drop in the price level at the same time as operating expenses have risenThe already weak profitability of airlines has weakened even more in recent months. The break-out of war deepens the crisis further, the statement says.
-On Monday, unions and employees will receive invitations to talks on seeking ways of ensuring cost reductions, says Taneli Hassinen, Finnair Financial Communications.
According to Hassinen, no division or employee groups have yet been singled out and no limits have initially been set for scope of discussions.
According to Hassinen, no plans for eventual cuts in the route network have yet been considered.
-The weak global economy and the long duration of the Iraqi crisis have decreased the demand for air travel. The tense market situation has caused a drop in the price level at the same time as operating expenses have risenThe already weak profitability of airlines has weakened even more in recent months. The break-out of war deepens the crisis further, the statement says.