August 8, 2008
Japan Airlines has reached an agreement with its biggest union to cut the base pay and stipends of 17,000 employees in its main operating unit by 5 percent, the Nikkei business daily reported.
The Nikkei, which did not cite any sources in its story, said the cuts were expected to save Japan's biggest airline JPY10 billion yen (USD$91 million) a year.
JAL reported on Thursday that it swung back to a quarterly operating profit as demand on international routes helped offset high fuel prices and an economic slowdown.
For the three months that ended on June 30, JAL posted an operating profit of JPY3.9 billion, compared with a loss of JPY8.55 billion a year earlier.
The carrier kept its full-year operating profit forecast at JPY50 billion.
(Reuters)
Japan Airlines has reached an agreement with its biggest union to cut the base pay and stipends of 17,000 employees in its main operating unit by 5 percent, the Nikkei business daily reported.
The Nikkei, which did not cite any sources in its story, said the cuts were expected to save Japan's biggest airline JPY10 billion yen (USD$91 million) a year.
JAL reported on Thursday that it swung back to a quarterly operating profit as demand on international routes helped offset high fuel prices and an economic slowdown.
For the three months that ended on June 30, JAL posted an operating profit of JPY3.9 billion, compared with a loss of JPY8.55 billion a year earlier.
The carrier kept its full-year operating profit forecast at JPY50 billion.
(Reuters)