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Japan Airlines unveils rehabilitation plan
Tokyo, Japan - 15,600 jobs to be erased by March 2011
Japan Airlines, the carrier that filed for bankruptcy in January 2010 with US $26 billion of debt, in one of the Japan's biggest ever corporate failures, unveils restructuring plan. The three-year rehabilitation process, submitted to the Japanese government and Tokyo district court for approval, includes slashing nearly one-third of the carrier's workforce, that is about 15,600 jobs, and the cut...
AVIONEWS - World Aeronautical Press Agency - 1120199
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency