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.

Updated on: Jul 3, 2009, 24:00:43 IST

AFP | By HT Correspondent, Vienna

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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.

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