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Air France to axe 2,500 more jobs

Air France-KLM Chairman and Chief Executive Alexandre de Juniac (R) and Air France Chairman and CEO Frederic Gagey
Air France-KLM Chairman and Chief Executive Alexandre de Juniac (R) and Air France Chairman and CEO Frederic Gagey Reuters//Christian Hartmann

Air France-KLM is to shed a further 2,500 jobs on top of the 5,600 that have already gone in the last two years, trade unionists at the French national flag-carrrier said after a meeting with management Wednesday.

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Unions feared that 3,000 jobs would go but bosses told a works committee meeting on Wednesday morning that the total would be 2,500 to go during the course of this year, representatives of the CGT union told the media.

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Management insists that there will be no compulsory redundancies at the company, whose payroll has shrunk from 106,300 to 100,700 since the announcement of the Transform 2015 restructuring plan in June 2011.

Air France-KLM should make savings of two billion euros in three years, cutting its debt from 6.5 billion euros to 4.5 billion euros by the end of 2014.

The company blames the decline in business for its short- and medium-haul flights, which lost 800 million euros last year, and lower returns from freight.

The company will transfer certain routes to its low-cost arms, Hop! and Transavia and may stop operating some.

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