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swiss-flag ZURICH: Switzerland's flag carrier, SWISS, plans job cuts in Switzerland in the double digits as part of parent company Lufthansa's cost-cutting measures, a spokeswoman for the Swiss carrier said on Sunday.

 

The SonntagsZeitung newspaper reported on Sunday that the carrier could cut up to 100 jobs in Switzerland.

 

German airline Lufthansa, in its third-quarter results announcement last month, said it would widen its cost-cutting drive to counter rising fuel prices and sluggish growth in its core market.

 

Susanne Muehlemann, spokeswoman for Swiss International Air Lines, also known as SWISS, said it was expected that there would be job cuts in the "double digits," with administrative roles in human resources, finance and sales mainly affected.

 

Copyright Reuters, 2012


 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln