Independent journal on economy and transport policy
01:02 GMT+2
Sabena to restructure for return to profitability
(Financial Times)
October 19, 2000
By Mark Odell in London Sabena, Belgium's national airline, said on Thursday that it would embark on an urgent restructuring programme aimed at returning the group to profitability.
The carrier said it was seeking to cut costs by E357m ($300m) next year, which could lead to the loss of up to 500 jobs, or about 5 per cent of the workforce.
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