Air France-KLM Denies Reported Job Cuts

December 15, 2011

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Air France-KLM on Thursday denied a media report that said the Franco-Dutch airline would cut 2,000 jobs in 2012 as part of a plan to save about EUR€800 million (USD$1 billion) annually over the next three years.

The report, published in French daily La Tribune, had said these cuts would go alongside 4,000 positions that have not been renewed over the last 15 months, citing several sources.

A spokeswoman for the airline told reporters: "Air France categorically denies this report."

Air France-KLM, which is 15.7 percent-owned by the French state and 9.8 percent-owned by employees, spends about one-third of its revenue on staff, its biggest expense, compared with about a quarter for Lufthansa.

(Reuters)