Air France (AF) has reached agreements with most unions representing ground staff, cabin crew and pilots to renegotiate working conditions to improve the company’s overall productivity and bottom line.
The agreements cover the framework and methodology for talks on how to reach a 20% efficiency improvement and are a “first step in Air France’s transformation process,” it said. It aims to conclude a “consistent set” of new collective bargaining agreements in June.
Air France KLM in January announced a comprehensive three-pillar restructuring plan, dubbed Transform 2015, to address its poor financial performance . The group reported a net loss for its shortened nine-month 2011 financial year of €442 million ($580.5 million), reversed from a net profit €980 million in the year ago-period. AF’s short- and medium-haul operations lost about €700 million.
AF said the agreements are a “major sign of commitment on the part of most unions” for ground staff, pilots and for cabin crew to achieve the new working methods and collective bargaining accords through a “negotiated process.”
Transform 2015 seeks to reduce the group’s €6.5 billion debt by €2 billion by the end of 2014 and reduce costs by €2 billon.
Separately, AF said it will launch a daily service between Paris-Charles de Gaulle and Abuja in Nigeria June 4 using an Airbus A330-200 configured with 40 seats in the business-class cabin, 21 in premium-economy cabin and 147 economy-class seats.
Article Source : ATW Daily News
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