The Singapore Airlines (SIA) Group announced on 10 September the difficult decision to cut around 4,300 positions across its airlines. After taking into account a recruitment freeze, natural attrition, and the take up of voluntary departure schemes, the potential number of staff impacted will be reduced to about 2,400 in Singapore and in overseas stations. This decision was taken in light of the long road to recovery for the global airline industry due to the debilitating impact of the … [Read more...] about CEO makes tough decision as SIA Group cuts staff amidst crisis
job cuts
Luft Cargo to see more job cuts and 4-day strike
Despite early signs of a recovery, Lufthansa Cargo is reportedly planning to to reduce its workforce by 10 per cent in 2010 in response to the steep declines in freight revenue and traffic in 2009 which pushed Lufthansa Cargo US$300 million into the red in the first nine months of the year from a $240 million profit in the same period in 2008. The carrier is also poised to swing into crisis management mode as Lufthansa pilots are set for a four-day strike from Monday. The cargo division said it … [Read more...] about Luft Cargo to see more job cuts and 4-day strike
K+N considers global job cuts
Kuehne + Nagel Group (K+N) is reportedly considering 4,500 job cuts following the announcement of modest increases in earnings and revenue for 2008 and expressions of concerns over immediate future business prospects. In its annual results statement released this week, the Switzerland-based global forwarding and logistics provider commented that "for the time being there are no indications that world economy will recover quickly; therefore further volume reductions are expected in all business … [Read more...] about K+N considers global job cuts
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