newstodate.aero
APR 01l 2003 (newstodate): Finnair has moved quickly to implement cost cutting measures, announcing the first batch of lay-offs to take effect from May this year already.
A 60 million euro cut is targeted at personnel expenses which represents a 1200 reduction in manpower in the Group. Finnair began negotiations with personnel groups in accordance with the Act on Co-operation within
Undertakings on Monday. Short-term savings will be sought with maximum six-week lay-offs. The aim is to implement the lay-offs as quickly and widely as possible without significantly cutting the level of operations.
A 60 million euro cut is targeted at personnel expenses which represents a 1200 reduction in manpower in the Group. Finnair began negotiations with personnel groups in accordance with the Act on Co-operation within
Undertakings on Monday. Short-term savings will be sought with maximum six-week lay-offs. The aim is to implement the lay-offs as quickly and widely as possible without significantly cutting the level of operations.