World Business Briefing | Asia: Japan: Airline to Cut 4,300 Jobs
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Japan Airlines said it would cut 4,300 employees, or about 8 percent of its work force, by March 2010 as part of its four-year business plan intended to improve profits. The company, which is based in Tokyo, reported a loss for the most recent quarter and is still struggling to regain customer confidence after a spate of safety lapses in recent years. The company reported a loss of 10.8 billion yen ($89.9 million) for the October-December quarter, slightly less than the 11 billion yen loss it recorded for the period in 2005. Sales rose 4.9 percent, to 584.1 billion yen ($4.9 billion). Cargo traffic from Japan to China was strong, but traffic to the United States was weak in the latest quarter.
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Alitalia SpA, Italy&#39;s largest airline, reached a government-brokered agreement with its labor unions that will allow the carrier to cut about 3,700 jobs and gain funding for a plan to reorganize the company.
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Delta Air Lines will cut up to 7,000 jobs, reduce pay for other workers and close its Dallas hub as part of an effort to slash nearly $3 billion more in annual costs and chart a course toward financial recovery.
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TOKYO, October 19 (Itar-Tass) - About 260 air flights have been cancelled in Japan on Tuesday because of Typhoon Tokage, which currently rages in the country&#39;s south.
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AirAsia Bhd., Southeast Asia&#39;s largest discount airline, said it will replace its fleet of Boeing planes with up to 80 new Airbus aircraft over three years because discounts by the largest planemaker cut operation costs.
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Boeing (BA:NYSE - news - research) announced Wednesday that Japan Airlines could order as many as 50 of the aircraft maker&#39;s 7E7 Dreamliners.
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Drug wholesaler Cardinal Health Inc.  said on Monday it would cut 4,200 jobs, or 7 percent of its work force, and close 25 facilities around the world as part of a plan to reduce costs.
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Japan's two biggest airlines have seen  more than 5.0 billion yen ($45.43 million) in lost sales this  year due to flight cancellations caused by a string of  typhoons, Kyodo news agency said Saturday.
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Japan's unemployment rate fell to 4.6 percent in September, the government said Friday in the latest sign of a recovery in the job market of the world's second largest economy.
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Japan Airlines Corp., Asia&#39;s largest air carrier by sales, said it will buy 30 of Boeing Co.&#39;s newest aircraft, the 7E7, as it replaces older midsize planes.
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Delta Air Lines, the third-largest carrier in the United States, announced Wednesday it will cut 7,000 jobs -- 10 percent of its workforce -- during the next 18 months and will slash wages.
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CHICAGO - Delta Air Lines (DAL) said Wednesday it plans to eliminate between 6,000 and 6,900 jobs during the next 18 months, implement a 10% across-the-board pay reduction and reduce employee benefits.
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NEW YORK -- Delta Air Lines Inc. , the number three US carrier, said yesterday it will cut 2,000 aircraft-maintenance jobs, up to 3,100 customer-service jobs, and between 1,600 and 1,800 supervisory and administrative personnel as part of a previously announced plan to cut total staffing by 7,000.
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Switzerland's struggling national airline announced a further cost-saving package Tuesday, saying it plans to slash up to 1,000 jobs and cut 13 aircraft from its fleet.
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Japan&#39;s Fujifilm Holdings Corp said on  Wednesday it plans to shift its remaining digital camera  production to China and cut an unspecified number of jobs as it  restructures its struggling camera operations.
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Delta Air Lines yesterday announced plans to cut up to 6,900 jobs over the next 18 months as it struggles to avoid bankruptcy. The airline is in the midst of a restructuring designed to cut $5bn (Â£2.
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Cardinal Health Inc. said it will cut 4,200 jobs as part of a three-year restructuring plan aimed at boosting annual earnings by $500 million.