Sponsored Content
Austrian Airlines Sacks 10% of Its Workforce
AUA Austrian Airlines is planning drastic job cuts. Of the current 7,000 jobs, one in ten will be cut by the end of 2021. 700 to 800 employees are expected to be affected. EUR 90 million should be saved annually.
CEO Alexis von Hoensbroech: “We will not retreat a single millimeter on the Viennese market” / Picture: © Wikimedia Commons / Austrian Airlines from Austria [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)]
Austrian Airlines is repositioning itself in response to the glut of low-cost airlines at Vienna Airport.
From a market standpoint, the airline is bundling its fleet strength in the Austrian capital city, whereas it is initiating tough cost-reduction measures on the corporate side of its business operations.
Following six profitable years, the airline could once again…
or Log In
Fast News Search