DISMISSAL: Air France to fire more than 5100 employees

Air operator Air France, a division of Air France-KLM, said it has give up 5,120 jobs by December next year, about 10% of the total 49,300 employees and warned that if unions do not accept the revised contracts, then the redundancies will be inevitable.

The cut of jobs at Air France reflects similar decisions in other European airlines, such as Deutsche Lufthansa, which is trying to decrease the fixed costs in order to cover the rise in the fuel price, sais The Wall Street Journal.

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Air France plan is part of a three year restructuring program of Air France-KLM, which aims to restore the company’s profit and reduce debt by about two billion euros.