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24 May 2012

Jan15

Written by:Vanessa Hughton
15/01/2012 12:22 RssIcon

After strikes and disruptions in 2011 and continuing in to 2012 Air France pilots and other personnel have announced another three-day strike in February 2012. Most revellers will have enough time to make other flight arrangements but should check with their airlines if they think there will be any knock-on effect of the strikes. The strikes are in response to Air France-KLM’s pay freeze and cutbacks to the fleet as part of its 3 year plan to stabilise finance.
Air France-KLM’s plan is in response to their debt position and levels of costs were too high to sustain, Union has expressed their considerable concerns of the cost cutting plan involving a pay freeze and a hiring freeze though investors may want to hear about redundancy plans also. The issue with the unions does not appear to be resolving any time soon.

     


 
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