Air France to cut close to 500 jobs

Air France will cut 465 ground staff jobs from its domestic services as it reduces short-haul capacity under competitive pressure from low-cost rivals and high-speed trains, parent company Air France-KLM said on Monday.

The job cuts, which were widely expected, will be carried out through a voluntary departure program as the French airline reduces its domestic flights by 15 percent over the next two years, the Franco-Dutch group said in a statement.

Via Financial Times

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