Massive job losses will affect pilots, flight attendants, and ground, administrative and subsidiary workers
Troubled Swiss International Air Lines--successor to Swissair and Crossair--will downsize in a desperate attempt to halt massive losses. According to its original business plan, Swiss was expected to achieve profitability by the end of this year. According to company executives, Swiss could no longer operate more than 130 commercial transports with 10,000 employees and maintain a major international hub in a small home market. Moreover, Swiss urgently needs additional financing, and ...
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