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AUA: Resistance Forms Up
Austerity plans by Austrian Airline´s new management faces massive resistance. The dispute with employees threatens to escalate.
AUA: Resistance Forms Up / Picture: © Vindobona.org
AUA´s management presented its austerity plans last week. Expenditures must be cut by € 150m in order to maintain operations on the same level, CEO Jaan Albrecht stated. Without creating new conditions, the airline will not survive in future, Albrecht underlined. AUA´s holding company Lufthansa, which took over AUA in 2009, becomes increasingly impatient with its subsidiary. Above…
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