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OVER 1000 JOBS WILL BE CUT BY SWISSAIR ALWAYS IN RED
ZURICH, SWITZERLAND, After the announcement of losses for 234 SFRm, the shares of Swissair Group lose 8.68% at Zurich Stock Exchange, at 100 SFR. In the last year the former SAir Group declared profits for 3 SFRm. The group, due to merging of Swissair and Crossair, announced that will cut about 1000 jobs in operative personnel and 250 jobs in management.
AVIONEWS - World Aeronautical Press Agency