Austrian Airlines To Save EUR150 Million In Costs Over 6 Yrs
July 15 2009 - 10:59AM
Dow Jones News
Austrian Airlines AG (AUA.VI) has agreed to save EUR150 million
in costs over the next six years in a deal with the flag carrier's
works council, the company said Wednesday.
Wage payments and ancillary costs will be reduced by 5% in the
2010-2015 period. In turn, the airline said that there will be no
further job cuts beyond the previously announced 1,000
redundancies.
Web site: www.austrian.com
-By Frankfurt Bureau, Dow Jones Newswires; +49 69 29725 500;
djnews.frankfurt@dowjones.com