Etihad Airways To Cut Staff Numbers

Etihad Airways will cut jobs across the airline as lower oil prices and a weaker global economy lead to slower growth.

Media reports of job losses at the Abu Dhabi-based airline suggest that at least 1,000 positions could go as the airline restructures its operations.

Etihad said the staff cuts would help it reduce costs and improve productivity and revenue. It said it is operating in an “increasingly competitive landscape” amid weaker global economic conditions.

The airline hopes that most of the job losses will be voluntary, but has not put a number on the cuts.

After rapid expansion, Gulf carriers are now slowing their rate of growth, partly as lower oil prices cause a reduction in travel for oil executives.