Russian airline Aeroflot to cut 2,000 jobs
Russian airline Aeroflot has announced to plans to reduce its headcount by 13% – around 2,000 jobs in the next six months.
The airline, which is 51% government owned, said profits had dived amid higher fuel prices and losses at its cargo operations, which declared bankruptcy in June.
Furthermore, the airline hasn‘t ruled out further job cuts.
In July, the airline announced that its profits for the full 2008 year had plunged by 88% compared to a year ago.
The airline said: “The general director has more than once said the staff needs to be thinned, now with the crisis this has become necessary.”
The news comes just a few days after Japan Airlines announced plans to cut its operating schedule and reduce headcount by almost 7,000.
The loss-making airline said that a total of 6,800 jobs will go as it embarks on a cost-cutting exercise and is making plans for fuel-efficiency and a focus on business customers.
Airlines are struggling to stay afloat during the global economic downturn which has led to a slump in demand. Many airlines have been forced out of business as fewer people are travelling by air.
Earlier this month, the International Air Transport Association said major airlines continue to suffer amid higher fuel prices.
According to the industry group, in the first six months of the year, airlines are likely to have lost £3.7 billion.
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