Air Canada cuts hundreds of management jobs
Global News
The move arrives after a three-day strike by more than 10,000 flight attendants in August shut down operations and caused more than 3,000 flight cancellations.
Air Canada is cutting about 400 management jobs two months after a strike wreaked havoc on its finances.
The country’s biggest airline says the restructure reduces its total workforce by about one per cent.
Spokeswoman Angela Mah says the move was a “difficult decision” that comes after a thorough review.
It also arrives after a three-day strike by more than 10,000 flight attendants in August shut down operations and caused more than 3,000 flight cancellations.
In its third-quarter financial results, Air Canada said the job action cost it $375 million, prompting it to lower its adjusted earnings forecast for the year by about that amount to $3 billion.
Customer refunds and compensation as well as lower bookings in August and September made up the bulk of the financial hit.
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