Luxair Charts Restructuring In Wake Of 2005 Loss
Luxair will cut 200 jobs or 10% of its work force, freeze wages from 2007 to 2009 and slash unprofitable destinations from its network in an attempt to break even by the end of 2008, the 36.5% state-owned flag carrier announced yesterday in Luxembourg. The airline said it posted a EUR12 million loss...
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