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.
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