By MALILA Harris
The struggling Japan Airline (JAL) has announced that it will slash workforce to compensate the unprofitable business. The airline is believed to restructure after filing for bankruptcy protection 19 January.
The Airlines for many years fighting unprofitable business and forced to cut manpower twice. This is the third time when more than 16,000 jobs are in a hanging position. The flight has been suffering from unprofitable domestic and international routes.
Some of the job cut is indirect, retiring early and the sale of subsidiaries.
The company is also planning to curtail by 103 aircraft. JAL is a member of the One World alliance, which includes some renowned airlines like American Airlines and British Airways.
The fall of passenger list hit in the time of global economic downturn where most of the airlines suffered from similar fate. In addition, the rival Nippon Airways considerably does well in recent times that also poses threat to the JAL.
"By fully implementing these measures, the JAL Group will aim to become profitable from the first fiscal year of the plan and thus rehabilitate quickly," the airline said in a statement.
It is reported that workforce cut from 48,714 at the end of 2009 to 32,600 by the end of this year.
The Japan government also helps out the airlines after JAL's bankruptcy in January and caught in debt of $25bn.
The analysts have said that the fall of Japan Airlines was the countries one of the worst corporate failures.
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