Subscribe Free
in Air Transport / Business & Finance

Tunisair cuts jobs and steps in for A320neo in competitiveness bid

Posted 7 September 2016 · Add Comment

State-owned Tunisair is to shed around 1,000 jobs as part of a national austerity plan and a bid to make the airline more competitive. The job losses will affect around 12% of the full-time workforce of around 8,200.

Prime Minister Youssef Chahed has promised his new government will take tough decisions to help the economy grow and create jobs as the country comes under pressure from international lenders to push through reforms and trim public spending. State-owned firms are believed to have incurred losses of around $1.5bn last year.
Senior executives in Tunisair have commented in the past about the unwieldiness of the operation and the redundancy programme has been agreed with the major unions who have recognized the need for greater competitiveness.
Around a half of the job losses will be voluntary and according to Reuters the airline has put aside about $50 million for compensation.

Meanwhile, the airline has ordered five Airbus A320neo narrowbodies having apparently swapped a batch of outstanding Airbus orders according to the latest backlog details released by the OEM.
Tunisair had previously ordered 10 A320s, as well as three Airbus A350-800s and three A330s, during a fleet-modernisation deal in 2008 but subsequently cancelled the A350s , one of the A330s. and four of the A320s

* required field

Post a comment

Other Stories
Advertisement
Latest News

Bahrain all set to unblock the Combi

Visitors to next year's Bahrain International Airshow could well get their first view of the new PEMCO B737-700FC FlexCombi. Barbara Saunders reports.

Turkish Airlines to order 20 + 20 787-9 Dreamliners

During Turkish President Recep Tayyip Erdoğan's visit to New York to join the United Nations General Assembly, Boeing and Turkish Airlines announced a commitment to order 40 787-9 Dreamliners.

University of South Wales launches aviation engineering education at Dubai South

The University of South Wales (USW) has announced that it will deliver degrees to aerospace engineering students as a key partner at the UAE's new Dubai South development.

Abu Dhabi Airports achieves 65% increase in operating profit this year

Abu Dhabi Airports has announced that it has achieved 65% increase in earnings before interest, depreciation and amortization (EBIDA)/ operating profit during the January-August period this year compared to the same period in 2016.

University of South Wales to deliver engineering degree courses in UAE

The University of South Wales (USW) is to deliver degrees to aerospace engineering students as a key partner at the UAE's new Dubai South development.

Saudia and SITAONAIR deliver unique inflight Wi-Fi Pax Ex with Internet ONAIR

Saudia and SITAONAIR are activating fresh functionalities for personalising the onboard digital journey.



Kuwait Aviation SK1909310118
See us at
DASAS BT3006161117AIME BT1204240118Aviation Show 267291117Global Aerospace BT28218Aviation Africa BT18418Commercial Aircraft Financing BT2017AIMA Africa 2017DIAC BT1105121117DAS BT1105161117