Air Transport World

JAL Group.(Asia/Pacific Report)(Brief Article)

JAL Group, on the heels of a fiscal third-quarter loss totaling [yen] 3.7 billion ($35.6 million), said it plans to "drastically" restructure its business to slash costs while increasing "financial stability." Although full details of its new three-year medium-range plan will not be released until this month, JAL did say it will reduce the number of board members and executive officers by 30% and impose 20%-35% pay cuts or those who remain, n addition, there will be an expansion of outsourcing and a streamlining of overlapping and redundant functions among Japan Airlines Corp. and is three business units--JAL International. …

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