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FINANCIAL NEWS
Etihad Airways aims to cut jobs to reduce cost
20 Dec 2016
(MENAFN) Etihad Airways has started cutting jobs in order to reduce cost as it faces hard competition and a weakened global economy.
Accordingly, the firm, which has 26.769 workers, proclaimed that the restructuring would result in a measured reduction of headcount in some parts of the business.
Additionally, the company also aimed to cut costs and enhance productivity and income in a growing competitive landscape, against a backdrop of weakened global conditions.
Etihad reported a 41 percent surge in its profit in 2015, reaching USD103mn on the back of increasing passenger numbers and cargo volumes.
M
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