Air France will lay off 5.122 employees for the next 2 years

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Air France, an airline of the Air France-KLM group, announced on Thursday that it will lay off 5.122 employees until 2014, about 10% of the total 49.300, and warned that if unions do not accept revised contracts, the layoffs will be inevitable.

Dismissal of jobs at Air France reflects similar decisions by other European airlines, such as Lufthansa, which are trying to lower fixed costs to cover the increase in fuel prices, according to the Wall Street Journal.

Air France estimates reduction of 1.710 posts during this period as a result of retirement and voluntary leave, without the intervention of the employer, while 3.412 posts represent excess staff.

The measures to reduce personnel include incentives for early retirement, voluntary departure and full-time work, as well as arrangements for responsibilities between pilots and crew.

The Air France plan is part of a three-year restructuring program of Air France-KLM, which aims to bring the company back to profit and reduce its debt by about two billion euros.

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