Austrian Airlines to cut 1,000 jobs: company | india | Hindustan Times
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Austrian Airlines to cut 1,000 jobs: company

Austrian Airlines said it would cut 1,000 jobs following record losses in 2008 and amid a troubled bid by German flag carrier Lufthansa to take over the company.

india Updated: Jul 03, 2009 00:00 IST

Austrian Airlines said on Thursday it would cut 1,000 jobs following record losses in 2008 and amid a troubled bid by German flag carrier Lufthansa to take over the company.

"Austrian Airlines will begin a series of restructurings aimed at creating a lighter, more efficient structure. This will lead to cuts of around 1,000 jobs between now and mid-2010," the group said in a statement.