FINNAIR TO CUT AROUND 155 JOBS

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  1. uggboy
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    Finnish carrier Finnair said on Thursday it plans to cut around 155 jobs and reduce spending on marketing and procurement in an attempt to boost its profitability.

    Finnair said the job cuts, part of its plan to reduce annual costs by EUR€140 million (USD$190 million) by 2014, will come from finance, human resources and IT.

    "These plans are painful to carry out, but Finnair simply has to change to be able to meet the increasingly tougher competition and take our share of the market growth," chief executive Mika Vehvilainen said in a statement.

    In August, when publishing its second-quarter results, Finnair said it would likely remain in the red for the full year, although it expects a profit in the second half of this year.

    http://news.airwise.com/story/view/1317298370.html
     
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