Air France Could Cut 2,500 More Jobs, Union Says

Category: Companies / Jul 31, 2013 1:55PM EDT

French union CGT estimated some 2,500 jobs are likely to be lost at French carrier Air France, following a meeting with the airline's management on Wednesday (July 31).

The company said on Friday that it would unveil new measures in the autumn, including voluntary departures, at Air France's medium-haul business, as well as industrial and commercial initiatives, although it did not give details.

Though the company did not give precise figures, it announced that the restructuring would be on half the scale of the most recent phase -- leaving the CGT estimating some 2,500 jobs would be lost through voluntary redundancies.

Precise figures are set to be released by the company at a detailed briefing scheduled for October 4, with the measures implemented in early 2014.

Air France-KLM had already renegotiated pay and conditions with airline staff, cutting 5,122 jobs and restructuring its network to cope with soaring fuel costs, a worsening cargo business and tough competition from Gulf and low-cost carriers.

The carrier said on Friday that while measures already taken had enabled its medium-haul and cargo businesses to improve their operating results, it was not sufficient given "weak economic conditions".

Video Credit: Reuters