L'Humanité in English
Translation of selective papers from the french daily newspaper l'Humanité
decorHome > Economy > Air France-KLM: Bottom Line Improves But Job Cuts Continue
 

EditorialWorldPoliticsEconomySocietyCultureScience & TechnologySportInternational Communist and Labor Press"Tribune libre"Comment and OpinionBlogsLinks
About France, read also
decorProfessional Equality: Dialogue of the deaf between feminists and government decorThe Communist Party launches its Paris convention on policy decorAccording to Pierre Laurent the left will be present in the second round in 2017 decorRansom, chains and servitude decorOlympe de Gouges honoured by the National Assembly decorÉric Fassin, sociologist at the faculty of political science and gender studies at Paris-VIII Vincennes-Saint-Denis (*) decor11 celebrities engage in the fight for equality decorClémentine Autain: "A reconstruction underway" decorTraders rake in millions decorA lot of empty talk is killing the climate decorThe Far Right: Blocking the Easy Flow of Rehabilitation decorRule of Surveillance vs. Rule of Law
About Air France-KLM, read also
decorSocial Anger Extends Well Past Air France decorAir France: Inter-Trade Union Committee Demands Dropping of Judicial Proceedings and Disciplinary Procedures Against All Workers decorAir France: When the Government Uses Its Big Stick decorAir France: Pierre Laurent Thinks It “Staggering” That Valls Should Go and “Apologize” in Saudi Arabia decorAir France: Five Employees Suspended Without Pay decorAir France, Those Who Light the Wick of Exasperation decorC.G.T. Air France: Six Arrests, Over 8,000 Jobs Threatened! decorAir France: Jean Jaurès: “To exercise violent action, the bosses don’t need uncoordinated gestures and tumultuous words!” decorAir France: All of the Personnel Reject Plan B
Economy

Air France-KLM: Bottom Line Improves But Job Cuts Continue

Translated Thursday 26 February 2015, by Gene Zbikowski

The Franco-Dutch corporation chalked up new losses in 2014.

But in reality, the 14-day pilots’ strike masks the improvement made by Air France-KLM. Its end-of-year result plunges back into the red (a 129-million-euro loss as against a 130-million-euro operating profit the preceding year), but without the impact of the strike, it would have more than doubled. What is more, the corporation’s competitiveness is also improving. The net loss was reduced to 198 million euros as against 1.82 billion euros in 2013, according to a press statement from the corporation. Total sales are down, but the corporation points out that they are “partly offset by a 70-million-euro net cost reduction.” The cost reduction included the axing of the equivalent of 1,550 full-time jobs between 2013 and 2014, by way of a voluntary redundancy scheme that the corporation adopted. And it is not over. According to corporate management, 1,300 employees will leave in the first half of 2015.


Follow site activity RSS 2.0 | Site Map | Translators’ zone | SPIP