Printer Friendly

Fraport pledges to cut staff costs without lay-offs.

AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD

Fraport, the operator of Germany's Frankfurt airport, has said that it is to cut staff costs without laying off employees.

According to the airport operator this will be achieved by targeting working hours, pay structures and social benefits and the operator has also said that it is committed to maintain wages at the same levels as long as staff are willing to offer flexibility and productivity in return. There are also plans to create 700 new jobs this year, Reuters reported.

The aim of the cost-cutting is to reduce the annual costs for staff by EUR90m by 2010. Verdi, a German service union, has said that it is against the plans.

((Comments on this story may be sent to aii.feedback@m2.com))
COPYRIGHT 2005 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Airline Industry Information
Article Type:Brief Article
Geographic Code:4EUGE
Date:Jan 19, 2005
Words:131
Previous Article:Swiss to cut jobs and reduce fleet.
Next Article:Ryanair confirms market expectations.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |