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Fraport pledges to cut staff costs without lay-offs.


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.

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Publication:Airline Industry Information
Article Type:Brief Article
Geographic Code:4EUGE
Date:Jan 19, 2005
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