Tuesday, October 26, 2010

Japan Airlines soliciting 270 voluntary retirement applications

TOKYO (Kyodo) -- Japan Airlines Corp. has begun soliciting some 270 voluntary retirement applications from pilots and cabin attendants, the company's president said Tuesday.

The solicitation, effective from Tuesday through Nov. 9, comes after the number of such applications fell short of the target of 1,500 in the previous solicitation lasting from Sept. 3 to last Friday.

"This is the final solicitation," President Masaru Onishi said at a press conference. "If applications fall short of the target, we'll make some decision after Nov. 9,"he said, indicating that a shortfall could force the struggling airline to dismiss some employees.

The target for the latest voluntary retirement solicitation consists of around 130 pilots and 140 cabin attendants. Applicants are scheduled to leave the company Nov. 30.

JAL is now under court-administered rehabilitation plans to cut a total 16,000 jobs from the JAL-led group of companies by March 2011. The group has secured about half the target through early retirement programs and other measures.

Japan Airlines said Tuesday the JAL group gained a consolidated operating profit of 109.6 billion yen in the April to September first half of fiscal 2010 due to cost cuts through service and personnel reductions.


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