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FINANCIAL NEWS
Bahrain’s Gulf Air may axe over 1,200 staff: Union
19 Jan 2013
(MENAFN) Gulf Air Trade Union claimed that over 1,200 staff at the troubled airline could be out of job as a result of a planned restructuring process, Gulf Daily News reported.
Management at the troubled airline met with Labour Ministry officials and union chiefs to discuss the shake-up plans.
Gulf Air Trade Union spokesman Mohammed Mahdi said that 1,266 staff from Gulf Air will be made redundant as part of the plan, adding that 800 staff of the total will be Bahrainis.
Last week, the loss-making airline said that it will cut costs by 24 percent this year.
Gulf Air has suffered due to strong competition from nearby Emirates Airline, Qatar Airways and Etihad Airways, and cut eight non-performing routes last year.
The carrier is currently focusing on Middle East and North African routes, as well as providing a limited number of routes to selected European and Asian markets.
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