TOKYO —
Japan Airlines Corp plans to encourage around 3,300 more group employees to take early retirement during the current fiscal year through next March, sources familiar with the matter said Tuesday. JAL, which is undergoing a state-backed rehabilitation process, is expected to start soliciting the bulk of the additional early retirement applications in autumn or later, the sources said.
The move is part of the deficit-ridden airline’s program to eliminate about 16,000 jobs in fiscal 2010 as part of efforts to turn itself around after filing for bankruptcy protection in January. As of early this month, around 4,000 employees had applied for early retirement, and the company has determined that the additional number is necessary to reach its payroll reduction target for the current business year, the sources said.
In line with its plan to scrap 45 international and domestic routes from late September through March next year to swiftly restore the carrier to profitability, JAL is seeking applications from about 670 pilots, around 570 cabin crew members and an estimated 560 aircraft maintenance service mechanics.
JAL will also aim to cut down on expenses through the planned sale of its group’s hotel operations to Hotel Okura Tokyo Co, with which it is currently in the final stages of negotiations, the sources said.
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