AUA: Resistance Forms Up

Published: January 27, 2012; 19:01 · (Vindobona)

Austerity plans by Austrian Airline´s new management faces massive resistance. The dispute with employees threatens to escalate.

AUA: Resistance Forms Up / Picture: © Austrian Airlines

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…

This article includes a total of 257 words.

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