Air Berlin has raised its Turbine 2013 cost-cutting goal from €400 million ($534.9 million) to €450 million by the end of 2014.
According to Air Berlin’s staff magazine, CEO Wolfgang Prock Schauer was quoted as saying, “It is necessary that all parts of the Air Berlin Group, from management to operations, are included with cost-cutting measures.”
Air Berlin announced last month it would cut 900 jobs and reduce salaries as part of the restructuring program. The carrier will reportedly ask employees to temporarily stop a 13th month salary. The plan also calls for a 10% salary cut for senior management and a 5% salary cut for all remaining employees. The company said 85% of the €450 million cost-cutting goals should be reached through negotiations with suppliers, airports and operational improvements. Its fleet could also be reduced from 159 to 142 aircraft.
atwonline.com
According to Air Berlin’s staff magazine, CEO Wolfgang Prock Schauer was quoted as saying, “It is necessary that all parts of the Air Berlin Group, from management to operations, are included with cost-cutting measures.”
Air Berlin announced last month it would cut 900 jobs and reduce salaries as part of the restructuring program. The carrier will reportedly ask employees to temporarily stop a 13th month salary. The plan also calls for a 10% salary cut for senior management and a 5% salary cut for all remaining employees. The company said 85% of the €450 million cost-cutting goals should be reached through negotiations with suppliers, airports and operational improvements. Its fleet could also be reduced from 159 to 142 aircraft.
atwonline.com
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