restructuring

Lufthansa Cargo restructures sales division

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Lufthansa Cargo has announced it is reorganising its sales structure with the company to be divided into eight business units, instead of the previous four. By doing so, the company removes one management level. "We want to be as close to our customers as possible", says Alexis von Hoensbroech, board member product and sales. "Our new organisational structure creates shorter communication paths, even more direct customer contact and greater flexibility." The previous business areas, namely … [Read more...] about Lufthansa Cargo restructures sales division

Thai to cut 1,401 jobs via voluntary retirement

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Thai Airways will cut 1,401 jobs in 2015 through voluntary retirement as part of efforts to cut operating costs and capacity by 20 per cent over the next two years. It will also stop its loss-making flights to Rome and Los Angeles, with further route cuts expected before the end of the year. Thailand’s military government is reforming a number of state-controlled enterprises, one of which is the country’s national carrier with restructuring to include a reduction in employees numbers and the … [Read more...] about Thai to cut 1,401 jobs via voluntary retirement

Royal Jordanian cuts three more routes

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Royal Jordanian has announced it will stop services to Delhi and Mumbai in India  and Lagos, Nigeria in light of the airline’s restructuring plan, including its route network. RJ will stop operating to Mumbai on September 10, to Lagos on October 10, and to Delhi on October 31, this year. With the closure of the three destinations, the RJ routes will count 51. RJ chairman of the Board/president & CEO Nasser Lozi said that the decision is part of a synchronised plan to turn … [Read more...] about Royal Jordanian cuts three more routes

ANA boss complains about government support for JAL

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ANA President and CEO Shinichiro Ito questioned whether public aid for bankrupt Japan Airlines distorts Japan's competitive environment. Testifying before a government committee, Ito said JAL's turnaround program is progressing "haphazardly," according to a Nikkei report. JAL is receiving around Â¥900 billion (US$9.6 billion) in government support to ensure its survival as it navigates through a court-monitored bankruptcy restructuring. … [Read more...] about ANA boss complains about government support for JAL

BA soon to undertake ‘far-reaching’ restructuring

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British Airways will soon announce far-reaching restructuring measures designed to reduce costs and increase efficiency, the carrier said in its in-house weekly newspaper, BA News. "Only through delivering fundamental change can we achieve the small profit we are targeting this year and emerge from the crisis as a strong global player," CFO Keith Williams said, warning that the shakeup will be "far-reaching, reshaping our company from top to bottom." He said BA's biggest challenge will be, … [Read more...] about BA soon to undertake ‘far-reaching’ restructuring

BA soon to undertake 'far-reaching' restructuring

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British Airways will soon announce far-reaching restructuring measures designed to reduce costs and increase efficiency, the carrier said in its in-house weekly newspaper, BA News. "Only through delivering fundamental change can we achieve the small profit we are targeting this year and emerge from the crisis as a strong global player," CFO Keith Williams said, warning that the shakeup will be "far-reaching, reshaping our company from top to bottom." He said BA's biggest challenge will be, … [Read more...] about BA soon to undertake 'far-reaching' restructuring