Future tough for Russian airline staff

Calcutta News.Net
Thursday 17th September, 2009

Partially government owned Russian airline Aeroflot has made plans to shed 2,000 jobs in the next six months.

More job cuts could follow if the airline doesn’t get over the profit and passenger plunge of the past year.

In July, the airline announced that its net profit in 2008 had plummeted by 88% to $37 million, which was down from $313 million in 2007.

The forthcoming staff cuts will amount to about 13% of Aeroflot's total workforce.

Email this story to a friend

Have your say on this story

Top Stories

Lanco achieves financial closure of Orissa power project
Lanco Infratech Thursday said a 1,320 MW thermal power plant in Orissa, developed by group firm Lanco Babandh Power, has achieved financial closure. [read story]
Digital Green catalyses a quiet revolution in Indian villages
Farmers are improving crop yields, using new technologies besides learning video-making skills - thanks to Digital Green which is catalysing a quiet revolution in the little hamlets of India. Its founder, Rikin Gandhi, has been named as a top young innovator by the Massachusetts Institute of Technology (MIT). [read story]
Siddharth Malhotra's mother hospitalised
It has not been an easy time for the 'We Are Family' director Siddharth Malhotra. As though some of the reviews for his directorial debut were not cutting enough, Siddharth had to cope with the sudden illness of his mother. [read story]
Indian tea prices firming up, exports up, production down
The beleaguered Indian tea industry is on a comeback trail with exports increasing and prices firming up in the weekly auctions despite adverse climatic conditions hitting production and rampant pests eating away the crop in some areas. [read story]
Arbaaz proud of his wife's item number in 'Dabangg'
Has 'Dabangg' been over-publicised? Salman Khan has been going all-out to promote the film like never before. [read story]