Air France to present significant job cuts to staff on Monday: CEO

"It will unfortunately be a significant job reduction plan... We will discuss it with staff representatives on Monday," Alexandre de Juniac said on Friday.

PHOTO: REUTERS

OCT 2, 20152:27 PM

[PARIS] Air France will present to staff on Monday significant job cuts under a restructuring plan after negotiations over boosting productivity at the airline failed, the head of parent Air France-KLM told Europe 1 radio.

"It will unfortunately be a significant job reduction plan... We will discuss it with staff representatives on Monday," Alexandre de Juniac said on Friday.

Air France said on Thursday it planned to reduce its activities in 2016-2017 in order to safeguard its future after talks with pilots over a restructuring plan failed on Wednesday.

REUTERS