Japan Airlines 'mulls job cuts'
Japan Airlines is considering cutting 3,000 jobs in a bid to revive its operations, a report has said. Japan's Mainichi newspaper said the possible 6% reduction in the troubled airline's workforce could be implemented over the next three years. The news led to shares in JAL rising by 3.1% on the Tokyo Stock Exchange. JAL, which has been hit by the high cost of fuel and safety setbacks, reported an annual net loss of 47bn yen ($390 million) last year.
See BBC News, BBC News Online, January 9, 2007