Air France-KLM to slash workforce

AIR France-KLM plans to slash more than 5,000 jobs to make savings of US$2.5bn year.
It is not yet known how many of the job losses will come from Air France Cargo (AFC) now fully integrated with its Dutch partners KLM Cargo and KLM’s lower-cost subsidiary, Martinair, to increase productivity by 20 per cent.
Martinair, which currently has six B747-400Fs and seven MD-11Fs, has taken over many of the freighters from the two carriers. The three airlines have also been operating a single network since 1 June.
AFC has already downsized its freighter fleet by removing one of three B747-400Fs – it still has two B777Fs. 
It has also stopped its freighter service to Shanghai (China) to focus on the Indian Ocean, Japan, Mexico, North America and West Africa.
In April, the Franco-Dutch carrier revealed its freight volumes dropped 8.3 per cent, year-over-year and capacity declined 3.3 per cent.
It also recorded the load factor plummeted by 3.5 points to 64.2 per cent.
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