Tag: job cuts

Air Seychelles to Lay off 150+ Staff

Air Seychelles is planning to fire 174 employees, including nearly 100 cabin crew, as a part of the restructuring drive in the wake of turbulence within the Etihad Aviation Group, the Seychellois airline’s largest shareholder, following the demise of Air Berlin, financial troubles at Alitalia, and growing international competition, the Seychelles News Agency has reported. […]

Air Zimbabwe Cuts Half Its Workforce

Air Zimbabwe, the national carrier of the southern African nation, has reportedly made almost half of its 400-plus staff redundant as it battles chronic financial problems. The Zimbabwe flag carrier has been in a perilous position for years, with debts estimated at $330 million. Its fleet has shrunk to just a few aircraft. The Harare-headquartered […]

Singapore Airlines Considers Job Cuts

Singapore Airlines may consider cutting staff numbers, CEO Goh Choon Phong told reporters at the International Air Transport Association meeting in Cancun, Mexico, this week. The revelation comes after a surprising Q4 net loss of SGD138 million (USD100 million) which saw operating profits for the 2016-17 financial year down 8.5% to SGD623 million (USD451 million). […]

Slowing Aircraft Sales Sees Boeing Lay Off More Engineers

Following on from the announcement that 245 workers are to be laid off on May 19 after action taken by Boeing in January and March this year, the commercial airplanes unit has warned employees that hundreds more engineers are likely to be affected by another round of involuntary layoffs. It is understood these will begin […]

Etihad-Backed Alitalia Forced To Cancel 60% Of Flights

Italy’s flagship airline Alitalia was forced to cancel 60 percent of its flights on Wednesday due to a strike over plans for the troubled airline to slash over 2,000 jobs, according to Arabian Business and AFP. The strike, called by several trade unions, had been expected and the company managed to offer alternative flights to […]

Boeing Reduces Workforce By At Least 1800 Jobs

Boeing Co. is eliminating its Seattle-area workforce by at least 1,800 jobs this year. The company approved voluntary layoffs for 1,500 mechanics. Another 305 engineers and technical workers are leaving voluntarily. Boeing informed employees in December that it would seek buyouts as part of an effort to cut costs and match employment to market requirements. […]

Cathay Pacific Reportedly Set For Overhaul

Hong Kong flag carrier Cathay Pacific is reportedly preparing for a business overhaul that could include job cuts, cost savings and shifting flights to its short-haul unit Cathay Dragon. Details of a major business review and a plan to stand up to increasing competition from Chinese and Gulf airlines as well as low-cost carriers will […]

Boeing Plans Additional 777 Production Rate Cut In 2017

Boeing has informed employees that the 777 production rate will be reduced from seven per month to five per month in August 2017, meaning the program’s production rate will be cut twice in 2017. The manufacturer had previously decided to lower 777 production from the current rate of 8.3 aircraft per month to seven monthly […]

Airbus Group to Cut Net Total of 934 Jobs

European planemaker Airbus is to cut a net total of 934 jobs as part of a previously announced restructuring aimed at stripping out bureaucracy and simplifying its brand. Airbus Group said it would be cutting 1,164 jobs while also creating around 230 positions in other areas – confirming details released earlier by a French trade […]

Bombardier Ramps Up Restructuring, 7,500 Jobs To Go

Bombardier has announced a further round of job cuts with 7,500 positions to go, about two-thirds from the German train division, the rest from aerospace. The company expects to achieve recurring savings of approximately USD$300 million by the end of 2018, it said in a statement. Bombardier will take USD$225 million to USD$275 million in […]