Austrian To Cut 1,000 Staff In ¤200 Million Cost-Cutting Plan

Austrian Airlines Group will cut almost 13% of its entire work force under a new cost-cutting initiative. The company, which operates Austrian, Lauda Air, Tyrolean Airways, and Technik Bratislava, plans to save €200 million (US$280 million) by 2012 under a program that reduces the payroll by 1,000...

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