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AUA

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Share Name Share Symbol Market Type
TSXV:AUA TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Austrian Airlines To Save EUR150 Million In Costs Over 6 Yrs

15/07/2009 4:59pm

Dow Jones News


Adanac Molybdenum Corporation (TSXV:AUA)
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Austrian Airlines AG (AUA.VI) has agreed to save EUR150 million in costs over the next six years in a deal with the flag carrier's works council, the company said Wednesday.

Wage payments and ancillary costs will be reduced by 5% in the 2010-2015 period. In turn, the airline said that there will be no further job cuts beyond the previously announced 1,000 redundancies.

Web site: www.austrian.com

-By Frankfurt Bureau, Dow Jones Newswires; +49 69 29725 500; djnews.frankfurt@dowjones.com

 
 

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